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how was indian economy affected by the great depression?

ANS :By the great depression  Indian economy affected in  many ways like:

 1. Affect  on Trade:  The depression immediately affected indian trade. India's export and import nearly halved between 1928 and 1934.As International prices crashed , prices in india plunged.Between 1928 and 1934 wheat prices in india fell by about 50%.

2AFFECT  ON FARMER: The fall in prices had a deep impact on the poor farmers.Through agricultural prices fell sharply, but the colonial govt. refused to pay any relief to the farmers in taxes.Peasants producing for the world  were the worst hit.

3.AFFECT ON INDIAN FARMER:

1. Their indebtedness increased.

2. jute producers were worst affected

3. people were forced to sell their assets like gold and silver.

4.AFFECT ON URBAN INDIA :The Depression proved less grim for urban india . Because of falling prices those witn fixed income - say town -dwelling  landowners , who recieved rents and middle class salaried employees - now found themselves better off.Everything could less.Industrial investment also grew as the govt. extended taxes protection to industries , under the preesure of nationalist opinion.

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indian economy had suffered a lot. The production of goods such as wheat was 50%less than the actual amount. Peasants and Farmers suffered more than the urban people. So, India then exported precious metals and gold. A famous journalist JOHN MAYNARD KEYNES tjought that gold export promoted global economic recovery but did little for the Indian Peasant. 

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priya is right
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huhh
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Yes.due to great depressionin 1929 in USA
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A. India's exports and imports nearly halved between 1928 and 1934. B. As agricultural prices fell sharply internationally as a result of this prices plunged in india. C. Despite of this ,the colonial govt. refused to reduce revenue demands. D. Peasants indebtness increased. They used up their savings and sold their jewellery and precious metals. E. India became exporter of metals.
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Yes......Priya is right
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The following points may help you: a. The worldwide economic depression began in 1929 and there after impacted World economies including India,towards late 1920's not 1820's. The effects of the World Wide depression on India were: a. Agricultural prices began to fall and collapsed in 1930. b. Demand for agricultural goods declined. c. It became difficult for the peasants to sell their harvest and pay revenue. d. The entire country was in crisis. e. It helped in reshaping the national movement.
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● India’s exports and imports nearly halved between 1928 and 1934. ● As international prices crashed, prices in India also plunged. Between 1928 and 1934, wheat prices in India fell by 50 per cent. ● Peasants and farmers suffered more than urban dwellers. Though agricultural prices fell sharply, the colonial government refused to reduce revenue demands. ● Peasants producing for the world market were the worst hit. Across India, peasants indebtedness increased. However the depression proved less grim for urban India.
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Dear student, The following points may help you: The great economic depression that began in US in 1929, had a catastrophic impact worldwide i. There was a decline in production, demand, incomes, employment and trade. ii .Agricultural overproduction, large surplus and falling agricultural prices precipitated the problem. iii. Due to slumping prices, farmers tried to compensate by bringing larger production into market which aggravated the crisis. iv. It was characterized by fall in wheat prices, collapse of export markets. v. ​There was agricultural surplus and labourers were without work. vi. As a result of the depression, landowners began reducing the area they cultivated and demanded that the imports of crops be stopped .They tried to cut wages and the number of workmen they employed. The unemployed poor tramped from village to village, and those with uncertain jobs lived in fear of a loss of their livelihood. vii.After the depression struck US, there was a withdrawal of US loans to other countries including Germany. viii. During the years of Depression, the banking system in the US collapsed. ix.. The banks could not recover loans from the domestic market, due to falling incomes of the households who could not repay back. Thus,banks went bankrupt, could not recover investments, collect loans and were forced to shut. This led to the withdraw of loans from the US banks. The effects of the Economic depression on India were: a. Agricultural prices began to fall and collapsed in 1930. b. Demand for agricultural goods declined. c. It became difficult for the peasants to sell their harvest and pay revenue. Wheat prices in India were severely effected. d. The entire country was in crisis. e. It helped in reshaping the national movement. f. The farmers, peasants ran into huge debts who mortgaged their land, used their savings. g. It helped in reshaping the national movement as the British refused the reduce the rate of revenue. This culminated into widespread movement against the colonial regime. h. However, depression did not hit that hard to those in urban ares, middle class who has fixed incomes. i. India's exports and imports were badly hit. We may give example of how export of Gunny bags was hit that ran peasants into indebtedness, j. Middle class salaried people were not affected much and rather they could buy goods at a cheaper rate. k. They rather became better off and could buy more by spending less.
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Germany had fought war largely in loans. They had to pay war reparation in gold. This depleted their gold resources. In 1923, France occupied the Germany's leading industrial area, Ruhr, Germany retaliated printing paper currency recklessly. With too much paper currency in circulation. The Germany mark fell. As the value of the mark collapsed. The prices of the goods soared. Thus Germany faced hyperinflation.
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India
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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. ... During?the?period 1929?1937, exports and imports fell drastically crippling seaborne international trade.?Therailways and?the?agricultural sector were?the?most?affected.
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New Delhi
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Kamran
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