Choose the given statement that is true/false:

The first world war helped to boost the Indian economy.

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Detailed Solution

The above statement is True.
The first world war is known to have been the first modern industrial war as it saw the involvement of industrial nations of Europe mainly. Moreover, it also emerged as a huge opportunity for many nations to develop across economic lines. For India, it was surely an opportunity for economic progress. Many industries were established in India to produce war commodities. It provided for the employment of the masses and subsequently raised the living standards of people. Similarly, peasants also benefited from the war. As the larger wheat-producing region of Eastern Europe was involved in the war, Indian agricultural production found its place in the international market. India became integrated with the global economy due to the first world war.

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