Question

farmers in india became bankrupt explain with reasons​

Answer 1

Answer:

For payment of taxes, Indian farmers started selling the crops at whatever price it received. The merchants and brokers started purchasing their goods at a minimum rate. At certain times the farmer had to mortgage his land to the money lender for arrangement of money to pay the tax. Hence, farmers became bankrupt.

Answer 2

Answer:

For payment of taxes, Indian farmers started selling the crops at whatever price it received. The merchants and brokers started purchasing their goods at a minimum rate. At certain times the farmer had to mortgage his land to the money lender for arrangement of money to pay the tax. Hence, farmers became bankrupt.