Question

The great depression on the Indian economy?​

Answer 1

Answer:

The Indian Great Depression of 1930 had a very severe impact on India, which was then under the rule of the British Raj. How much India was affected has been hotly debated. Native historians have argued that the Great Depression slowed long-term industrial development.

Answer 2

Answer:

(i) The impact of the Great Depression in India was felt especially in the agricultural sector. (ii) As international prices crashed, prices in India also plunged. (iii) The fall in agricultural price led to reduction of farmers' income and agricultural export. Wheat prices in India fell by 50 percent.