explain the impact of the great depression on indian economy.
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Answered by
35
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.
hope this helps!!
hope this helps!!
nandini79:
thanks a lot
Answered by
78
Heyya!
a. The worldwide economic depression began in 1929 and there after impacted World economies including India,towards late 1920's not 1820's.
The effects of the World Wide depression on India were:
a. Agricultural prices began to fall and collapsed in 1930.
b. Demand for agricultural goods declined.
c. It became difficult for the peasants to sell their harvest and pay revenue.
d. The entire country was in crisis.
e. It helped in reshaping the national movement.
Hope it helps! : )
a. The worldwide economic depression began in 1929 and there after impacted World economies including India,towards late 1920's not 1820's.
The effects of the World Wide depression on India were:
a. Agricultural prices began to fall and collapsed in 1930.
b. Demand for agricultural goods declined.
c. It became difficult for the peasants to sell their harvest and pay revenue.
d. The entire country was in crisis.
e. It helped in reshaping the national movement.
Hope it helps! : )
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