How had the First World War created a new economic situation in India? -SST 10th

How had the First World War created a new economic situation in India? -SST 10th
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Three points on the First World War’s impact on the economic situation in India are given below:  (i) It speeded up the process of industrialisation.  (ii) It led to a huge rise in the defence expenditure of the Government of India.  (iii) It created a demand for industrial goods (jute bags, cloth, rails, etc.) and caused a decline of imports from other countries into India.
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