Question

What economic impact did the first world war have on India ?? ​

Answer 1

Explanation:

(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.

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Answer 2

Answer:

Here Is Your Answer!!

(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. They found it difficult to even fulfill their essential needs.

(iii) On the other hand business group reaped fabulous profit from war. The war created a demand for industrial goods like jute bags, cloth, rails and caused a decline of import from other countries to india. As a result indian industries expanded during the war.

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