Question

what was the impact of ww1 on indian economy

Answer 1

Answer:

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. The food prices plunged as high as 93%. Jute bag was among the non-food item that was in great demand in the war front.

Explanation:

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Answer 2

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.