what were the economic problems faced by india after ww1?
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The First World War had the following economic impact on India: (i) In order to meet a huge rise in the defence expenditure, the government increased taxes on individual incomes and business profits. ... (iii) The war created a demand for industrial goods like jute bags, cloth, rail, etc.
A disastrous decline in the production of food crops occurred in 1918-1919 and 1920-1921. This hurt rich peasants, while poorer peasants and agricultural workers were devastated by the price of coarse food grains, their staple food, which rose far more rapidly than prices of finer rice or wheat.
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