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Explain any 5 consequences of the great depression of 1929 on Indian economy?? Please answer ??? |
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Answer» India was affected in the following ways:1. Shaping of Indian politics in the 1920s,2. Agricultural prices began to fall from 19263. Demands for agricultural goods fell and exports declined,4. peasants found it difficult to sell their harvests,5. peasants found it difficult to pay their revenue,6. Country was in turmoil The great depression had a great impact on the indian economy* Indian imports and exports halved* Between 1928 and 1934 wheat prices in india fell by 50 %*Though Agricultural prices fell bot colonial govt. refused to reduce revenue*Jute producers were in a debt*The depression immediately affected indian tradeHope it helps u? |
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