What economic impact did the First World War have on India?

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asked Jan 18, 2018 in History by Rohit Singh (61,782 points) 35 133 357

What economic impact did the First World War have on India?

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+1 vote
answered Jan 18, 2018 by Rohit Singh (61,782 points) 35 133 357
 
Best answer

The First World War changed the economic and political situation in India. There was a sharp price rise which increased the problems of the common people.

The business groups reaped huge profits because the war increased the demand for all kinds of goods. Reduced imports meant that the new demand was being met by the Indian business houses. The business groups now began to demand more opportunities for development.

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