how had the first world war created in New economy of India
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answer is in first page of the lesson
tarun9454:
can we write about the econnomic depression of jute in bengal because it is also caused by first world war.
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The First World War created a new political and economic situation in India:
(i) It led to huge increase in defense expenditure, Custom duties were raised,income tax was introduced to finance the war.
(ii) Villagers were called upon to supply soldiers, forced recruitment in rural areas caused widespread resentment.
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