Explain the effect of great depression of 1929 on the Indian economy ?
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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 depression had immediate effecton Indian trade, India's exports and imports halved between 1928 and 1934. The prices fell in India as a result of the international price crisis. Peasants and farmers suffered due to the fall of prices.
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