In India, the Great Depression proved less severe for whom?

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.

An Intiative by Sri Chaitanya

Rural people

Factory workers

Urban people

Highly educated

answer is C.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

In India, the Great Depression proved less severe for rural people. Imports and exports nearly halved between 1928 and 1934. Indian trade was affected adversely by the great depression. Prices plunged in India, too, with the prices crashing in the International market. The price of wheat had a major setback in India as it fell by 50 per cent. Peasants and farmers were the worst affected by the great depression. However, the urban dwellers in India did not face many problems as these were the people with fixed incomes, such as urban landowners. They received rent from the tenants and did not lessen the rent.

Watch 3-min video & get full concept clarity