Name one industry in India which profited during the First World War.
Answers
Answer:
This created a void in the Indian markets which was filled by the Indian industries. During the war, Indian industries also had to supply goods to the army. They mostly supplied jute bags, cloth for making army uniforms, leather boots and saddles. Many new industries were set up in India to cater to the war needs.
Answer:
The correct answer is A) business owners and corporations. The ones who profited the most from industry during World War I were business owners and corporationswas done so. Therefore, industrial production in India increased. As the war prolonged, Indian factories were called upon to supply war needs, jute bags, cloth for army uniforms, tents, leather boots, horse and mule saddlers and many other items.(i)The First World War led to a huge rise in the defence expenditure of the Government of India. The government in turn increased taxes on individual incomes and business profits. (ii)Increased military expenditure and the demands for war supplies led to the sharp rise in prices which badly affected the common mass.