Question

what was the effect of world wide economic economic depression on indian economy

Answer 1

The effects of economic depression are as follows:

• Shaping of Indian politics in the 1920s,
• Agricultural prices began to fall from 1926
• Demands for agricultural goods fell and exports declined,
• Peasants found it difficult to sell their harvests,
• Peasants found it difficult to pay their revenue,
• Country was in turmoil