what economic impact that the fist world war have on india?
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1 In order to meet a huge rise in the defence expenditure,the government increased taxes on individual incomes and business profits
2 The war created a demand for industrial goods like jute bags,cloth,rail etc,and caused a decline of imports from other countries into India.
3 Business groups reaped fabulous profits from the war.
2 The war created a demand for industrial goods like jute bags,cloth,rail etc,and caused a decline of imports from other countries into India.
3 Business groups reaped fabulous profits from the war.
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