Question

write briefly about the economic conditions in India during world war.
Please tell fast but don't tell wrong preparing for exam.
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Answer 1

Answer:

The Indian economy under the British Raj describes the economy of India during the years of the British Raj, from 1858 to 1947. According to historical GDP estimates by economist Angus Maddison, India's GDP during the British Raj grew in absolute terms but declined in relative share to the world.[1]

From 1850 to 1947 India's GDP in 1990 international dollars grew from $125.7 billion to $213.7 billion, a 70% increase or an average annual growth rate of 0.55%. This was a higher rate of growth than during the Mughal era from 1600 to 1700 where it had grown by 22%, an annual growth rate of 0.20%. Or the longer period of mostly British East Indian company rule from 1700 to 1850 where it grown 39% or 0.22% annually.

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Answer 2

Answer:

Huge increase in defence expenditure.Custome duties were raised.Income tax introduced.Prices of goods rose dramatically.Villages were called upon to supply soldiers.Acute shortage of food also occurs.economic downfall.