What was the effect of world economic crisis on rural India?
CBSE Class 10
CBSE Class 10 Social
2018-03-06 14:24:50 UTC
The indebtedness of Indian peasants increased. They used up their savings, mortgaged lands and sold whatever jewellery and precious metals they had, to meet their expenses.
In these depression years India became an exporter of precious metals, notably gold.
Indian global economic recovery certainly helped speed up Britain’s recovery but did little for the Indian peasants.
Rural India was thus seething with unrest when Mahatma Gandhi launched the Civil Disobedience Movement at the height of the depression in 1931.