What was the impact of 1 world war on the economic condition in india?
Answers
Answered by
2
The war operations in Europe sucked huge quantities of basic commodities like wheat, rice, sugar, tea, coffee etc. The accelerated export of the items from India caused scarcity in the domestic market. Prices rose sharply bringing immense distress to the low and middle class consumers.
Jute bag was among the non-food item that was in great demand in the war front. Huge numbers of jute bags had to be procured and rushed to the war front. Such procurement caused acute shortages of jute bags at home.
A group of entrepreneurs who bagged war supply contracts, however, made windfall profits in a short time.
Large numbers of able-bodied young men from the countryside were recruited into the British army. Such induction of Indians disrupted social life in rural areas. Villages experienced shortage of farm hands, carpenters, blacksmiths and other such artisans.
Most importantly, as war-time expenditure sky-rocketed, the colonial government diverted a good part of its revenue receipts from India to the war budget. It looked around frantically for additional sources of revenue. As a part of this drive, it increased taxes and duties. All this resulted in diversion of funds from welfare schemes to war expenditure. Tax rates were increased bringing bigger tax load on the common people. The pain was felt across the country.
Thus, we see that the First World War generally harmed India in great many ways. But, there was one benign consequence too. The conflict caused logistical problems for the British government to maintain the supply lines from Britain to the far-flung war fronts in Africa and elsewhere. This created opportunities for Indian industrialists to set up war goods oriented industries in the country. As a result, a good number of factories sprang up in centres like Bombay. This created employment and benefited the economy.
Jute bag was among the non-food item that was in great demand in the war front. Huge numbers of jute bags had to be procured and rushed to the war front. Such procurement caused acute shortages of jute bags at home.
A group of entrepreneurs who bagged war supply contracts, however, made windfall profits in a short time.
Large numbers of able-bodied young men from the countryside were recruited into the British army. Such induction of Indians disrupted social life in rural areas. Villages experienced shortage of farm hands, carpenters, blacksmiths and other such artisans.
Most importantly, as war-time expenditure sky-rocketed, the colonial government diverted a good part of its revenue receipts from India to the war budget. It looked around frantically for additional sources of revenue. As a part of this drive, it increased taxes and duties. All this resulted in diversion of funds from welfare schemes to war expenditure. Tax rates were increased bringing bigger tax load on the common people. The pain was felt across the country.
Thus, we see that the First World War generally harmed India in great many ways. But, there was one benign consequence too. The conflict caused logistical problems for the British government to maintain the supply lines from Britain to the far-flung war fronts in Africa and elsewhere. This created opportunities for Indian industrialists to set up war goods oriented industries in the country. As a result, a good number of factories sprang up in centres like Bombay. This created employment and benefited the economy.
Answered by
2
hi.
impact of first would war
The War created a new economic and political situation :
(i) It led to a huge increase in defence expenditure which was financed by war loans and increasing taxes, customs duties were raised, and income tax introduced.
(ii) Through the war years, prices increased – doubling between 1913 and 1918 – leading to extreme hardships for the common people.
(iii) Villagers were called upon to supply soldiers, and the forced recruitment in rural areas caused widespread anger.
hope it's helpful to you
mark me as brainliest pls
impact of first would war
The War created a new economic and political situation :
(i) It led to a huge increase in defence expenditure which was financed by war loans and increasing taxes, customs duties were raised, and income tax introduced.
(ii) Through the war years, prices increased – doubling between 1913 and 1918 – leading to extreme hardships for the common people.
(iii) Villagers were called upon to supply soldiers, and the forced recruitment in rural areas caused widespread anger.
hope it's helpful to you
mark me as brainliest pls
Similar questions