Question

impact of frist world war in india?​

Answer 1

Required Answer :-

The First World War had the following economic impact on India:

• In order to meet a huge rise in defense expenditure, the government increased taxes on individual incomes and business profits.
• Increased military expenditure and the demands for war supplies led to a sharp rise in prices which created great difficulties for the common people.
• The war created a demand for industrial goods like jute bags, cloth, rail, etc. and caused a decline in imports from other countries into India.
• Indian industries expanded during the war and Indian business groups began to demand greater opportunities for development.
• (v) Business groups reaped fabulous profits from the war.