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Class 10 > Learn Social Studies > What was the effect of the Great Depression on the...
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What was the effect of the Great Depression on the Indian economy?

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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...
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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
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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...
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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
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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.
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