How did the First World War create a new economic situation in In… - Vidyadip

Question

How did the First World War create a new economic situation in India? Explain with examples.

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Answer

First World war created a new economic situation:

It led to a huge increase in defense expenditure.
Increase in taxes.
Custom duties were raised.
Introduction of income tax.
Villages were called upon to supply soldiers and forced recruitment in rural area.

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