Explain the effects of ‘worldwide economic depression’ on India, towards the late 1920s.

Effects of worldwide economic depression in India:

1. Agricultural prices began to fall in India and collapsed after 1930.

2. As exports decreased and demand fell, peasants couldn’t sell or pay the revenue.

3. The countryside became in turmoil by 1930.

Explanation: The worldwide economic depression had a profound impact on India because of the international trade. It affected the majority population in rural areas.