Question

Impact of great depression on india ? for 5 marks by

Answer 1

The Great Depression of 1929 had a very severe impact on India, which was then under the rule of the British Raj. The Government of British India adopted a protective trade policy which, though beneficial to the United Kingdom, caused great damage to the Indian economy. During the period 1929–1937, exportsand imports fell drastically crippling seaborne international trade. The railwaysand the agricultural sector were the most affected.

The international financial crisis combined with detrimental policies adopted by the Government of India resulted in soaring prices of commodities. High prices along with the stringent taxes prevalent in British India had a dreadful impact on most Indians. The discontent of farmers manifested itself in rebellions and riots. The Salt Satyagraha of 1930 was one of the measures undertaken as a response to heavy taxation during the Great Depression.

The great economic depression was combination of domestic and worldwide conditions which led to catastrophic effect on world economy.
Causes of great depression:
1)Stock market crash: After the WW1 American stock market began to rise up through worldwide investment but suddenly following the crash stockholders incurred great and US entered into great depression.
2)Bank failure:Bank failure attributed as one of the causes since more than nine thousand bank failed during the nineteen thirties. Bank closings resulted to the citizens losing their savings and a chaotic situation erupted.
3)Overproduction:There was over agriculture production and consumption was low and profits turned into losses while debts increased which led to farm failure.
4)Govt inaction:Rather than try to boost the economy by pushing the Federal Reserve System to lend money to banks at low interest rates and pumping money into the economy through federal public works projects, the Hoover Administration(US govt) did nothing at first, then took small and tentative actions that weren’t enough to tackle the situation.
Consequences: 
1) Huge loss in business, investment led to collapse of companies, factories and banks.
2)Demand of workforce drastically reduced which became cause of widespread unemployment.
3)Massive poverty and hunger that deteriorated the living conditions.
Impacts on India:The great depression had severe impact on India which was then under the rule of Britishers.
1)The Government of British India adopted a protective trade policy which, though beneficial to the United Kingdom, caused great damage to the Indian economy. 
2)High prices along with the stringent taxes prevalent in British India had a dreadful impact on the common man.
3)The Salt Satyagraha of 1930 was one of the measures undertaken as a response to heavy taxation during the Great Depression.
4)During this period Imports and exports fell drastically and consequently agriculture and railway sector effected badly.
Hence the great economic depression was dreadful nightmare for world economy.

Answer 2

in 1929 india had a severe effect then it is under control of British rule
I hope it helps