What economic impact did the world war 1 have on India?
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(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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What economic impact did the First Word War have on India? Answer: The First World War had the following economic impact on India: (i) In order to meet a huge rise in the defence expenditure, the government increased taxes on individual incomes and business profits.
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