Explain any five consetuent of the great Depareration of 1929 indian economic ?
Answers
India was affected in the following ways:
1. Shaping of Indian politics in the 1920s,2. Agricultural prices began to fall from 19263. Demands for agricultural goods fell and exports declined,4. peasants found it difficult to sell their harvests,5. peasants found it difficult to pay their revenue,6. Country was in turmoil
Hey mate here is your answer:-)
the great dpression began around 1929 n lasted till the mid 1930s .
> during this period most parts of the world experienced catastrophic declines in production , employment , incomes n trade.
> the dpression immediately affected the indian trade.
> india's exports n imports nearly halved between 1928 n 1934.
> as international prices crashed , prices in india also plunged.
> peasants n farmers suffered more than urban dwellers.
> the jute producers of bengal were hardly hit by this depression.
> the price of raw jute fell by 60 % n with a result , the jute growers fell undr debt deeper n deeper.
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