Who has the first world war theatre new economic situation in india explain with examples?
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The First World War created a new political and economic situation in India. (i) It led to huge increase in defense expenditure, Custom duties were raised,income tax was introduced to finance the war. ... (iv) In 1918-19, 1920-21 crops failed in many parts of India resulting in acute food shortage.The economic history of World War I covers the methods used by the First World .... The Indian Army during World War I contributed a large number of divisions and independent ...
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