Question

highlight the major factor about the new economic situation created by first world war in India ?​

Answer 1

♥️Answer ♥️

(i)First world war led to a huge increase in defence expenditure which was financed war loans and increase in taxes. ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀

(ii) Custom duties were raised and new income taxes were introduced.

(iii) Through war years prices increased - doubling between 1913 and 1948.

(iv) Villagers were called upon to supply soldier.

(v) forced recruitment in rural areas caused widespread anger.

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