Question

explain any five consequences of the great depression of 1929 on Indian economy​

Answer 1

Answer:

(i) India's exports and imports nearly halved.

(ii) As international prices crashed, prices in India also plunged.

(iii) Wheat prices in India fell by 50 percent.

(iv) Peasants and farmers suffered more than urban dwellers

(v) The depression in economy immediately affected Indian Trade, ...