Question

How did the first world war impact the social nd economic life in india?

Answer 1

Answer:

The economic impact of the First World War:

The First World War led to a huge rise in the defence expenditure of the Government of India.

The government in turn increased taxes on individual incomes and business profits.

Answer 2

Answer:

World wars always had deeplyaffected the Indian Economy be it wasWW1 or WW2.The First World Warcaused India to nearly go bankrupt and also a major loss in casualties. Indiantroops as high as 800,000 in numbers fought in every aspect of War and a majority 500,000 Indian people volunteered to fight for the British.