What were the impacts of the First World War on the economic condition

1.	What were the impacts of the First World War on the economic conditions of India during colonial rule ?
Answer» • The First World War LED to a huge rise in the defence EXPENDITURE of the Government of India. The government in TURN INCREASED taxes on individual incomes and business profits. • Increased military expenditure and the demands for war supplies led to the sharp rise in prices which badly affected the common mass.

What were the impacts of the First World War on the economic conditions of India during colonial rule ?

Answer»

• The First World War LED to a huge rise in the defence EXPENDITURE of the Government of India. The government in TURN INCREASED taxes on individual incomes and business profits.

• Increased military expenditure and the demands for war supplies led to the sharp rise in prices which badly affected the common mass.

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What were the impacts of the First World War on the economic conditions of India during colonial rule ?

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