Question

Explain the effects of ‘worldwide economic depression’ on India, towards the late 1920s.(All India - 2013)

Answer 1

Answer:

The depression immediately affected Indian trade. India's exports and imports nearly halved between 1928 and 1934. As international prices crashed, prices in India plunged. As international prices crashed, prices in India also plunged.The fall in agricultural price led to reduction of farmers' income and agricultural export. Wheat prices in India fell by 50 percent.

Answer 2

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Explain the effects of ‘worldwide economic depression’ on India, towards the late 1920s.

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The effects of world wide depression on India were as follows :-

i) India's trade was affected, exports decreased as international prices crashed.

ii) Agricultural prices fell due to which farmers couldn't sell their produce and the British government continued to take high taxes.

iii) The economic instability and colonial rule provided on opportunity to Mahatma Gandhi to launch the Civil Disobedience Movement in 1930.

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