What is the impact of great depression in india?

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Hey dude.... see these followings !!
■ the great dpression began around 1929 n lasted till the mid 1930s .
■ during this period most parts of the world experienced catastrophic declines in production, employment, incomes nd trade.
■the dpression immediately affected the indian trade.
■ india's exports n imports nearly halved between 1928 n 1934.
■ as international prices crashed , prices in india also plunged.
■ peasants n farmers suffered more than urban dwellers.
■ the jute producers of bengal were hardly hit by this depression.
■ the price of raw jute fell by 60 % n with a result , the jute growers fell undr debt deeper n deeper.

hope u got ur answer !!

Answer

, Great Depression started in 1929 in India and it caused Indian economy  lukewarm and prices of all things fell down urban dwellers enjoy this  because they have a fixed salary and  the price of all things were low while  farmers suffer much.

Answer

The Impact of the Great Depression in India:

The Great Depression, which occurred from 1929 to the late 1930s, had a significant impact on India. Although India was a colony of the British Empire at the time, it experienced both direct and indirect effects of the economic downturn. Here are the key impacts of the Great Depression in India:

1. Economic Crisis:
- The Great Depression led to a severe economic crisis in India, which heavily relied on agriculture and exports. The prices of agricultural commodities, such as jute, cotton, and tea, plummeted, resulting in a decline in farmers' income and rural distress.
- The Indian economy experienced a sharp decline in industrial production and trade, leading to widespread unemployment and poverty.
- The financial system in India was also severely affected. Many banks and financial institutions failed, causing a loss of savings for individuals and businesses.

2. Social Unrest and Political Movements:
- The economic crisis and widespread unemployment caused social unrest across India. Workers, peasants, and farmers were hit hard by the depression, leading to protests and strikes.
- The economic distress also fueled nationalist sentiments and political movements, contributing to the growth of the Indian independence movement against British colonial rule.

3. Protectionist Policies:
- In response to the economic crisis, the British government implemented protectionist policies, such as tariffs and import restrictions, to shield domestic industries from foreign competition. These policies further exacerbated the economic downturn and hindered India's export-oriented industries.

4. Decline in International Trade:
- The global economic slump resulted in a significant decline in international trade, including India's trade with other countries. This decline in trade further deepened the economic crisis in India.

5. Agricultural Distress:
- The Great Depression had a severe impact on Indian agriculture. The decline in agricultural prices and demand led to widespread distress among farmers. Many farmers faced indebtedness, landlessness, and forced migration.

6. Emergence of Self-Sufficiency Movements:
- The economic hardships faced during the Great Depression prompted the emergence of self-sufficiency movements in India. These movements aimed to reduce India's dependence on imports and promote domestic industries.

7. Legacy:
- The Great Depression had a long-lasting impact on India's economic policies. It led to a shift in focus towards industrialization and self-sufficiency, which influenced post-independence economic strategies.

In conclusion, the Great Depression had a profound impact on India, causing an economic crisis, social unrest, and political movements. The agricultural sector, international trade, and financial system were severely affected. The consequences of the Great Depression shaped India's economic policies and contributed to the growth of nationalist sentiments.

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