Question

Described the impact of great expression of indian economy

Answer 1

PLEASE MARK THE BRAINLIEST ANSWER

The impact of Great Depression on Indian Economy:

1. India’s exports and imports nearly halved between 1928 and 1934.
2. As agricultural prices fell sharply internationally as a result of this prices plunged in India.
3. Despite of this, the colonial government refused to reduce revenue demands.
4. Peasants’ indebtedness increased. They used up their savings, mortgaged lands and sold
5. their jewellery and precious metals.
6. India became exporter of metal
7. Town dwellers found themselves better off
8. Industrial investment grew