What were some of the biggest changes (good and bad) that India faced during the Great Depression
Answers
There were negative impacts on the jute industry, as world demand fell and prices plunged.
Local markets in agriculture and small-scale industry showed modest gains.
The Government of British India adopted a protective trade policy which, though beneficial to the United Kingdom, caused great damage to the Indian economy. During the period 1929–1937, exports and imports fell drastically crippling seaborne international trade.
The railways and the agricultural sector were the most affected.
The international financial crisis combined with detrimental policies adopted by the Government of India resulted in soaring prices of commodities.
High prices along with the stringent taxes prevalent in British India had a dreadful impact on most Indians.
The discontent of farmers manifested itself in rebellions and riots.
The Salt Satyagraha of 1930 was one of the measures undertaken as a response to heavy taxation during the Great Depression.