Describe the impact of great depression on Indian economy
Answers
Answer:
The Great Depression of 1929 had a very severe impact on India, which was then under the rule of the British Raj. ... During the period 1929–1937, exports and imports fell drastically crippling seaborne international trade. The railways and the agricultural sector were the most affected.
Answer:
The Great Depression had made a lot in the India. if u satisfied plzz make as brainlest
Explanation:
The Great Depression began in 1929. India was an exporter of wheat to European countries. When the international prices of wheat crashed because of the Great Depression, prices of wheat in India fell almost by 50%. Peasants and farmers were the worst sufferers. While the prices of the crops declined, the government refused to reduce the revenues. This forced the peasants to borrow money from the moneylenders. At this time in India, the peasants’ indebtedness increased