Q10 of 50 Page 1

How had the First World War created a new economic situation in India? Explain with three examples.

The First World War created a new economic situation in India. This can be explained with the following three examples:

a. New taxes were introduced such as income tax and custom duties to increase the finances to meet the war expenditures.


b. There was a crop failure in many parts of India leading to food shortage.


c. The prices of the goods had increased.


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