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Nationalism In India

Question
CBSEENSS10017963

How had the First World War created a new economic situation in India? Explain with three examples. 

Solution

The First World War created a new economic situation in India which are as:

(i) It led to a huge increase in defence expenditure which was financed by war loans and increasing taxes.

(ii) Customs duties were raised.

(iii) Income tax introduced.