Question

what was the effect of of the great depression of 1930 on the indian economic sector

Answer 1

1. Agricultural prices were continuously falling from 1926 and collapsed after 1930.
2. Demand for agricultural goods fell, and peasants faced difficulty in paying revenue.
3. The UK followed protectionist policies and exports and imports fell, affecting sea trade and railways.
4. India suffered from very high inflation and taxes on all commodities increased. (e.g. most notable was the Salt Tax).