What were the effects of the Great Depression on India?

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An Intiative by Sri Chaitanya

Affected Indian trade, exports and imports nearly halved, wheat prices in India fell by 50%, the colonial government refused to reduce revenue, and agricultural prices fell sharply.

The Indian economy was not affected much

Partial industrial losses

Only agricultural problems

answer is A.

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Detailed Solution

The Great Depression Affected Indian trade, exports and imports nearly halved, wheat prices in India fell by 50%, the colonial government refused to reduce revenue, and agricultural prices fell sharply.
The Great Depression was a significant global economic collapse that lasted from 1929 to 1939 and was initiated by a sharp decline in American stock prices. The worst and most prolonged global recession or crisis in modern history is known as the Great Depression. The USA was where it all began. Following that, it had a ripple impact on the world's economies and the tremors of the crisis affected the lives and economies of societies worldwide. According to legends, the US stock market fall in October 1929 marked the beginning of the Great Depression.

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