Explain the effect of great depression in india?
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Explanation: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.
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The effect of great depression in India
1 India's exports and iimports halved.
2 wheat prices plunged .
3 Peasants and farmers were the worst hit along with jute producers .
4 India become an exporter of precious metals like gold .
5 town dwelling landowners and middle class salaried employees found themselves better off.
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