Your question: How did the first world war affect the economic conditions of India Class 8?

Answer: The First World War had the following economic impact on India: (i) In order to meet a huge rise in the defence expenditure, the government increased taxes on individual incomes and business profits. … (iii) The war created a demand for industrial goods like jute bags, cloth, rail, etc.

How did the First World War affected the economic condition of India?

The First World War led to a huge rise in the defence expenditure of the Government of India. … The war created a demand for industrial goods such as jute bags, cloth and rails, and caused a decline in the imports from other countries into India. As a result, Indian industries expanded during the war.

What was the impact of the First World War on the economic condition in India Class 10?

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.

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How did the First World War affect India?

(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.

How did First World war affect the Indian economy explain with examples?

i The First World War created a new economic and political situation in India. 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. ii Prices increased doubling between 1913-18. This hit the common people.

What economic impact did the First World?

(i)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. (ii)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 the First World War on the national movement in India Class 10?

How the First World War helped in the growth of the National Movement in India. Answer: War created a new political and economic situation. Led to a huge increase in defence expenditure which was financed by war loans and increasing taxes: custom duties were increased and income tax introduced.

What makes India a federal country?

As per the Indian constitution, the nation follows a three-fold distribution of legislative powers. The distribution of powers between the union and state governments is what makes India a federal country. In India, there are three lists divided between the centre and state governments, i.e.

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What was the impact of first world war on Russia?

The First World War badly hit the Russian industries. Russia’s own industries were few in number and the country was cut off from other suppliers of industrial goods by German control of the Baltic sea. Industrial equipment disintegrated more rapidly in Russia than elsewhere in Europe.

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