History, asked by pdandasanap53h5o, 1 year ago

How did the first world war affected the economic conditions of India?

Answers

Answered by Manav12311

there were a huge wealth drawn from India to meet the expenditure for purchasing iron. due to this Tata Iron and Steel industry florist.

cha144786: The first world war affected the economic conditions and political conditions of India.

cha144786: the first world war led to the huge increase in the war expenditure . this was financed by war loans . the british government introduced income tax in India . custom duties were also raised .

cha144786: many villagers were forced to join british army

cha144786: . the years of 1919-1920 and 1920-1921 were the years of famine . Crops were failed in many parts of India. Influenza epidemic led to the death of almost 12-13 million people of India according to the census 1921.

Answered by syedhanan

India contributed immensely towards the British war effort during the First World War. The contribution was with respect to human resource, food and supplies and financial assistance. Thousands of Indians lost their lives or were crippled for life. Huge quantities of food grains were sent out of the country for the soldiers fighting the war. As war expenditure increased the British increased taxes in India. This had a negative impact on the Indian economy. Prices of essential goods increased,there was shortage of food, inflation and unemployment reached unprecedented levels. This made life difficult for the common people and in general the standard of living went down. But at the same time some enterprising Indians took advantage of the situation and were able to earn enormous wealth through trade and speculative activities.

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syedhanan: please can you maek ir as brainliest

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