how did great depression impact on the indian agriculture?
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When the international prices of wheat crashed because of the Great Depression, prices of wheat in India fell almost by 50%. Peasants and farmers were the worst sufferers. While the prices of the crops declined, the government refused to reduce the revenues. ... At this time in India, the peasants' indebtedness increased.
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When the international prices of wheat crashed because of the Great Depression, prices of wheat in India fell almost by 50%. Peasants and farmers were the worst sufferers. While the prices of the crops declined, the government refused to reduce the revenues. ... At this time in India, the peasants' indebtedness increased.
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