Question

. “World war 1 had a profound impact on the economy of India. “Justify the statement.​

Answer 1

Answer:

expenditure of the government of India

Explanation:

the first world war led to a huge rise in the defence expenditure of the government of India.

Answer 2

The war created new economic and political situations: 1) it led to huge increase in defence expenditure and it was financws by the war loans and increasing taxes. the custom duties were raised and the income tax was introduced. 2) through the war years thenrpices rise which created problems for poor people.