What was the impact of 1st world war on Indian industries?
During the First World War, the British industries focused on meeting the war needs of the army. This led to the decline of imports from Manchester. This created a void in the Indian markets which was filled by the Indian industries. During the war, Indian industries also had to supply goods to the army.
What were the impact of World war on Indians?
iii) The war increased demand for industrial goods such as jute bags, fabric, and rail, and reduced imports into India from other countries. iv) During the war, Indian factories grew, and Indian business groups began to demand more growth opportunities. v) The war brought massive profits to business organizations.
What was the impact of First World War in Indian economy?
The war created a demand for industrial goods such as jute bags, cloth and rails, and caused a decline in the imports from other countries into India. As a result, Indian industries expanded during the war.
What effects did the First World War have on industry?
The war also had a severe impact on industry. (i)Russia’s own industries were few in number and the country was cut off from other suppliers of industrial goods by German control of the Baltic Sea. (ii)Industrial equipment disintegrated more rapidly in Russia than elsewhere in Europe.
How did the World war give a boom to the Indian industries?
The first world war proved to be a boon to the Indian industries as: British industries became busy in producing and supplying war-needs. Hence, they stopped exporting British goods or clothes for colonial markets like that in India. … Therefore, industrial production in India increased.
What economic impact did the First World War have on India for Class 8?
The First World War altered the economic and political situation in India. It led to a huge rise in the defence expenditure of the Government of India. The government, in turn, increased taxes on individual incomes and business profits.
What is the result of first world war?
The Allies won World War I after four years of combat and the deaths of some 8.5 million soldiers as a result of battle wounds or disease. Read more about the Treaty of Versailles. In many ways, the peace treaty that ended World War I set the stage for World War II.
How did the First World War affect the British Indian economy?
Answer: The First World War had the following economic impact on India: (i) In order to meet a huge rise in the defence expenditure, the government increased taxes on individual incomes and business profits. … (iii) The war created a demand for industrial goods like jute bags, cloth, rail, etc.
What was the impact of the First World War on the national movement in India Class 10?
How the First World War helped in the growth of the National Movement in India. Answer: War created a new political and economic situation. Led to a huge increase in defence expenditure which was financed by war loans and increasing taxes: custom duties were increased and income tax introduced.