Question

Write a short note note on the great depression on india economy

Answer 1

Answer: Hope it helps!! pls mark me as brainlist!! :)

1. The economy depression immediately affected Indian Trade, as India’s exports and

imports nearly halved between 1928-1934

2. Agriculture prices fell sharply, but the colonial government refused to reduce revenues.

Peasants producing for the world markets were worst hit.

3. Raw jute was produced, processed in the industries to make gunny bags. Its exports

collapsed and prices fell by 60% peasants of Bengal fell into debt traps.

4. Peasants used up their savings mortgaged lands and sold their precious jewelry

to meet their expanses.