The Economic Depression of 1929 proved less grim for urban India. Explain with four examples. -SST 10th

The Economic Depression of 1929 proved less grim for urban India. Explain with four examples. -SST 10th
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Answer :

The depression was less grim for urban India. (i) Those who received fixed incomes in form of rents or salaried employees found themselves better off. (ii) Everything cost less (iii) Industrial investment also grew as the (iv) Government extended tariff protection to industries under pressure of nationalist opinion.
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