How did first world war affect the indian economy explain with examples?
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The economic impact of the First World War:
(i)The First World War led to a huge rise in the defence expenditure of the Government of India.
(ii)Increased military expenditure and the demands for war supplies led to the sharp rise in prices which badly affected the common mass.
(i)The First World War led to a huge rise in the defence expenditure of the Government of India.
(ii)Increased military expenditure and the demands for war supplies led to the sharp rise in prices which badly affected the common mass.
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