Question

How had the first World War created a new economic situation in India? Explain with three examples.

Answer 1

it speeded up d process of industrialization.
it led 2 huge defence expenditure of Indian govt.
created demandz fa industrial products by decline of imports from other countries.

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Answer 2

Explanation:

The First World War created a new economic and political situation in India. It led to huge increase in defence expenditure which was Financed by war loans and increasing taxes custom duties were raised and income tax was introduced. ii Prices increased doubling between 1913-18. This hit the common people.