Question

explain the effects of great depression of 1929 on indian economy

Answer 1

the effects of great depression of 1929 on Indian economy:
1) the farmers was hit badly by the decreasing price of jute which costs them to face great depression
2) the production of jute prices fells and the farmers had taken loans and sell there gold ornaments for the production of jute which will increase there economy by selling the jute but later on the prices fell down