Question

What was the impact of the first world war on the economic condition in india.

Answer 1

impact of first world war are
1.increase in defense expenditure led to incredible in taxes in India
2.income tax was introduced
3.custom duties were increased
4.crops failed in many parts of India
5.this led to shortage of storage
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Answer 2

the war created a new a political and economic situation-
1. it led to Huge increase in defence expenditure which was financed by war loans.
2. through the war years prices increased doubling between 1913 and 1981 leading to extreme hardship for common people.
3. villages were called upon to supply soldiers and forced recruitment in rural areas caused widespread anger.
4. in 1918 -1920 and 1920-1921 crop failed in many parts of india resulting in acute shortage of food.
this was accompanied by influenza epidemic.
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