Economic Impact of First World War on India There was a significant increase in expenditure on defence. The colonial government of India fell. The focus on taxes shifted to personal and business profits. Taxes on business profits and personal income were increased.
What was impact of First World War on India?
The World War 1 of 1914 resulted in increased taxes, military expenditure, and deployment of Indians to fight in the war. The war created demand for Indian goods which helped the Indian industries in their revival.
What impact did the First World War have on India Class 8?
The First World War created a situation where imports from other countries into India started reducing and there was higher demand for goods like rails, cloth, jute bags.
What was the impact of First World War on Indian national movement class 10?
(i) It led to a huge increase in defence expenditures which was financed by war loans and increasing taxes. (ii) Custom duties were raised and Income tax was introduced. (iii) There was widespread anger in the rural area due to forced recruitment of soldiers.
What was the impact of world wars on India?
iii) The war increased demand for industrial goods such as jute bags, fabric, and rail, and reduced imports into India from other countries. iv) During the war, Indian factories grew, and Indian business groups began to demand more growth opportunities. v) The war brought massive profits to business organizations.
What is the impact of the First World War?
The First World War destroyed empires, created numerous new nation-states, encouraged independence movements in Europe’s colonies, forced the United States to become a world power and led directly to Soviet communism and the rise of Hitler.
How did the First World War helped in India Class 10?
The First World War created a new economic and political situation. It led to a huge increase in defence expenditure which was financed by war loans and increasing taxes. Custom duties were raised and income tax was introduced.
What was the impact of first world war on India Brainly?
Answer : (i) The war created a new economic and political situation. (ii) It led to huge increase in defence expenditure which was financed by war loans and increasing taxes, custom duties were raised and income tax was introduced. (iii) Prices increased, doubling between 1913 and 1918. This hit the common people.
What economic impact did the First World War have on India Class 8 Brainly?
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 was the impact of first world war on India Brainly?
Answer : (i) The war created a new economic and political situation. (ii) It led to huge increase in defence expenditure which was financed by war loans and increasing taxes, custom duties were raised and income tax was introduced. (iii) Prices increased, doubling between 1913 and 1918. This hit the common people.