Question

what are impact of great depression in India

Answer 1

impact of great depression in india are

1- in the 19th century colonial india had become an exporter of agricultural good and  importer of manufactures

2- trade are damaged

3- Unemployment opportunities are create

4-peasants and farmers suffered more than cirbans dwellers

Answer 2

Answer:

During the period 1929–1937, exports and imports fell drastically crippling seaborne international trade. The railways and 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.

Explanation:

The impact of the Great Depression in India was felt especially in the agricultural sector. It was evident that Indian economy was closely becoming integrated to global economy. India was a British colony and exported agricultural goods and imported manufactured goods. The fall in agricultural price led to reduction of farmers’ income and agricultural export. The government did not decrease their tax and so, many farmers and landlords became more indebted to moneylenders and corrupt officials. It led to a great rural unrest in India.

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