What was the effect of the Great Depression on the Indian economy?

Asked by Last Modified  

3 Answers

+1 Class IX-X Tuition

Follow 5
Answer

Please enter your answer

Tutor

The Great Depression of 1929 had a very severe impact on India, which was then under the rule of the British Raj. The international financial crisis combined with detrimental policies adopted by the Government of India resulted in the soaring prices of commodities. High prices along with the stringent...
read more
The Great Depression of 1929 had a very severe impact on India, which was then under the rule of the British Raj. The international financial crisis combined with detrimental policies adopted by the Government of India resulted in the soaring prices of commodities. High prices along with the stringent taxes prevalent in British India had a dreadful impact on the common man. The discontent of farmers manifested itself in rebellions and riots. The Salt Satyagraha of 1930 was one of the measures undertaken as a response to heavy taxation during the Great Depression. The Great Depression and the economic policies of the Government of British India worsened the already deteriorating Indo-British relations. read less
Comments
Dislike Bookmark

atics pecialise in mba / economics students of all levels

The Great Depression .. killed aggregate demand . Raised unemployment.. poverty, pestilence.. & scarcity of goods.. J M Keynes suggested a massive employment & income policy through public expenditure to revive growth through public works project to generate revenue incomes & employment to...
read more
The Great Depression .. killed aggregate demand . Raised unemployment.. poverty, pestilence.. & scarcity of goods.. J M Keynes suggested a massive employment & income policy through public expenditure to revive growth through public works project to generate revenue incomes & employment to boost aggrgegate Demand .. Indian economy took longer years to recover from depression..Dr K S Velmurugan Pondy read less
1 Comments
Dislike Bookmark

Mind Stretcher

The Great Depression of 1929 had a very severe impact on India, which was then under the rule of the British Raj. The Government of British India adopted a protective trade policy which, though beneficial to the United Kingdom, caused great damage to the Indian economy.
Comments
Dislike Bookmark

View 1 more Answers

Related Questions

Explain any four characteristics of Kandla sea port.
Kandla in Kuchchh was the first port developed soon after independence.The characteristics of Kandla sea port are(i) Kandla in Kuchchh was the first port developed soon after independence.(ii) It was developed...
Tarun
0 0
View Comments6
What is sustainable economic development?
Sustainable economic growth is economic development that attempts to satisfy the needs of humans but in a manner that sustains natural resources and the environment for future generations.
Hemanth
0 0
View Comments5
Explain any three common features of the popular struggles in Nepal and Bolivia.
Some important conclusions can be drawn out from the movement of Nepal and the struggle of Bolivia. i. The struggle in Bolivia was against one specific policy and the struggle in Nepal was about the foundations...
Pritty
0 0
View Comments5
Why do people generally move from one country to another? Why
People move from one country to another because of better opportunities and higher standard of living and better facilities too.
Selvi
0 0
View Comments7
"Road transport in India is not competitive but complementary to railways." Justify the statement by giving four points.
Road transport in India is complimentary to railways. There is no competition between the two lifelines of Indian economy. They corroborate rather compete with each other. Unless we have capable and proper...
Syed
0 0
View Comments5

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Land revenue system in British India
https://vz-3ad30922-ba4.b-cdn.net/53cd1454-1bf1-4144-88ec-1df5b211a2ef/play_480p.mp4

Vijendra Singh

0 0
View Comments0
Exemplify the different kinds of urbanisation witnessed in India in the first two decades after independence.
M.S.A. Rao identified the impact of urban influence on many Indian villages. Villages where sizebale population are employed in far off cities or in overseas towns, leaving behind the members of...

Sujoy Das

0 0
View Comments0
GEOGRAPHY
This is just a glipse not to be treated as notes, its not covered in depth but enough for last minute revision River Indus area covered 11,65,000sq km westernmost river of himalayan river originates...

Tanuja

0 0
View Comments0
Unknown Story of French Revolution
While the French Revolution (1789-1799) is often portrayed as a battle for liberty and equality, several lesser-known stories reveal the complexities of this transformative period. One such story involves...

Anamika

0 0
View Comments0
Federalism (Class 10, Ch. 2)
Federalism is about sharing of power between states and centre. It is one of the foundational concepts of Indian democracy. The objective of federalism:- To accommodate diversity in religion, language,...
A

Aditi

0 0
View Comments0

Recommended Articles

Quest Academy - Institute of the month

Quest Academy is a professional Bangalore based NEET and JEE (Main + Advanced) training institute. The academy was incorporated in 2015 to cater to the needs of students, who aim to crack competitive exams by connecting with the best brains around. The institute helps students enhance their skills and capabilities through...

Read full article >

Meet Raghunandan.G.H, a B. Tech Tutor from...

Raghunandan is a passionate teacher with a decade of teaching experience. Being a skilled trainer with extensive knowledge, he provides high-quality BTech, Class 10 and Class 12 tuition classes. His methods of teaching with real-time examples makes difficult topics simple to understand. He explains every concept in-detail...

Read full article >

Meet Mohammad Wazid, a skilled trainer for...

Mohammad Wazid is a certified professional tutor for class 11 students. He has 6 years of teaching experience which he couples with an energetic attitude and a vision of making any subject easy for the students. Over the years he has developed skills with a capability of understanding the requirements of the students. This...

Read full article >

Meet Swati, a Hindi Tutor from Bangalore

Swati is a renowned Hindi tutor with 7 years of experience in teaching. She conducts classes for various students ranging from class 6- class 12 and also BA students. Having pursued her education at Madras University where she did her Masters in Hindi, Swati knows her way around students. She believes that each student...

Read full article >

Find Class 10 Tuition near you
Class 10 Tuition in Delhi
Class 10 Tuition in Bangalore
Class 10 Tuition in Hyderabad
Class 10 Tuition in Kolkata
Class 10 Tuition in Mumbai
Class 10 Tuition in Chennai
Class 10 Tuition in Pune
Class 10 Tuition in Noida
Class 10 Tuition in Lucknow
Class 10 Tuition in Jaipur
Online Tuition Class 10

Looking for Class 10 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you