Question

explain any 3 facts about the new economic situation created in India by the first World War​

Answer 1

Explanation:

The First World War created a new economic situation in India.

1. The huge increase in defense expenditure was financed by war loans and increasing taxes. ...

Crops failed in many parts of India in 1918-19 and 1920-2, resulting in acute shortage of food.

Answer 2

Answer:

The First World War created a new economic situation in India. ... The huge increase in defense expenditure was financed by war loans and increasing taxes. Customs duties were raised and income tax was also introduced.

Explanation:

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