Question

How had the First World War created a new economic situation in India? Explain with

three examples.​

Answer 1

Answer:

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.

Answer 2

Answer:

$\huge\fbox \red{A}\fbox \green{N}\fbox \purple{S}\fbox \orange{W}\fbox \red{E}\fbox \blue{R}$

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.