impacts of first world war on india
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Transcript of The First World War and economic impact on India. - During WW1, India flourished in business and economic terms but when the warended, Indian businessmen faced ruin as competition from British goods resumed. - At the outbreak of the war, India was in a relatively strong financial position.
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The first world war deeply affected india though it was under the British rule at that time . the following points state it's impact.
1. the British government raised taxes , custom duties and income taxes in india to finance the war expenditure.
2. villagers and farmers were forcefully recruited in the army .
3. there was a rise the prices of food and the other essential things
1. the British government raised taxes , custom duties and income taxes in india to finance the war expenditure.
2. villagers and farmers were forcefully recruited in the army .
3. there was a rise the prices of food and the other essential things
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