during the first world war there was a decline in the imports from other countries to India how the situation influenced the Indian industries
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during the first world war there was a decline in the imports from other countries to India how the situation influenced
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Answer:
(1) First World War 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.
(2)Increased military expenditure and the demands for war supplies led to the sharp rise in prices which badly affected the common mass.