What was the effect of economic depression on india?
Answers
It makes people think selfish and downfall of nation
hey mate _/\_
here is the ans of your qun ..As much as i know here i have defined it ...
(1) Impact on trade : The depression immediately affected Indian trade. India’s exports and imports nearly halved between 1928 and 1934. As international prices crashed, prices in India plunged. Between 1928 and 1934 wheat prices in India fell by about 50 per cent.
(2) Impact on farmers : The fall in prices had a deep impact on the poor farmers. Though agricultural prices fell sharply, but the colonial government refused to give any relief to the farmers in taxes. Peasants producing tor the world market were the worst hit.
(3) Impact on Urban India : The depression proved less grim for urban India. Because of falling prices those with fixed income- say town-dwelling landowners, who received rents and middle-class salaried employees now found themselves better off.Every thing low cost.
(4 ) High Industrial investment : Industrial investment also grew as the government extended tariff protection to industries, under the pressure of nationalist opinion.
hope it helps u