How had the first world war created a new economic situation in I… - Vidyadip

Question

How had the first world war created a new economic situation in India? Explain with three examples.

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Answer

Economic Impact of first world war:

It led to huge increase in defense expenditure.
Increased taxes.
Custom duties were raised.
Income tax introduced.
Prices increased.
It led to extreme hardships for the common people.
Crops failed in many parts of India resulting acute shortage of food.

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