Explain the impact of great depression on Indian economy
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The Great Depression of 1929 had a very severe impact on India, which was then under the rule of the British Raj. The Government of British Indiaadopted a protective trade policy which, though beneficial to the United Kingdom, caused great damage to theIndian economy.
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Effects of great depression are;
1. due to defense expenditure tax was introduced.
2. pressure to join the force led to forced recruitment.
3. crops failed in many parts of India.
1. due to defense expenditure tax was introduced.
2. pressure to join the force led to forced recruitment.
3. crops failed in many parts of India.
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