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Write a note on economic impact of first world war on india?
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Write a note on economic impact of first world war on india?
The first world war put an adverse effect on India ...
* India 's socioeconomic development suffered alot..
* It lead to huge increase in defence expenditure which was financed by war loans..
*custom duties were raised and Income taxes introduced..
*Prices of goods were increased and common section suffered from this...
*Villages were called upon to supply soldiers
* Force recruitment in rural areas caused widespread anger..
*Inany areas crops were failed which lead to food scarcity..
* all of above was accompanied by influenza : an epidemic.
*** these situations forces India to raise and protest against British rule..
* India 's socioeconomic development suffered alot..
* It lead to huge increase in defence expenditure which was financed by war loans..
*custom duties were raised and Income taxes introduced..
*Prices of goods were increased and common section suffered from this...
*Villages were called upon to supply soldiers
* Force recruitment in rural areas caused widespread anger..
*Inany areas crops were failed which lead to food scarcity..
* all of above was accompanied by influenza : an epidemic.
*** these situations forces India to raise and protest against British rule..
Community Answer
Write a note on economic impact of first world war on india?
The First World War had the following economic impact on India:
(i) In order to meet a huge rise in defense expenditure, the government increased taxes on individual incomes and business profits.
(ii) Increased military expenditure and the demands for war supplies led to a sharp rise in prices which created great difficulties for the common people.
(iii) The war created a demand for industrial goods like jute bags, cloth, rail, etc. and caused a decline in imports from other countries into India.
(iv) Indian industries expanded during the war and Indian business groups began to demand greater opportunities for development.
(v) Business groups reaped fabulous profits from the war.
(i) In order to meet a huge rise in defense expenditure, the government increased taxes on individual incomes and business profits.
(ii) Increased military expenditure and the demands for war supplies led to a sharp rise in prices which created great difficulties for the common people.
(iii) The war created a demand for industrial goods like jute bags, cloth, rail, etc. and caused a decline in imports from other countries into India.
(iv) Indian industries expanded during the war and Indian business groups began to demand greater opportunities for development.
(v) Business groups reaped fabulous profits from the war.
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Write a note on economic impact of first world war on india? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Write a note on economic impact of first world war on india? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Write a note on economic impact of first world war on india?.
Write a note on economic impact of first world war on india? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Write a note on economic impact of first world war on india? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Write a note on economic impact of first world war on india?.
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