Question

Impact of 1st world war on Indian economy . ​

Answer 1

Answer:

Explanation:

The First World War caused India to nearly go bankrupt and also a major loss in casualties. Indian troops 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.

Answer 2

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War expenditure incerased, which was financed by war loans and increasing taxes.

Custom duties were raised and income tax abolishedPrices were increased almost doubling between 1913 and 1918 leading to extreme hardships for the common peopleForced recruitment in rural areas caused widespread anger.

In 1909-20 and 1920-21, crops failed in many parts of india resulting in acute shortages of food.

THis was accompanied by an influeza epidemic and about 12-13 million people perished.