What was the effect of world economic crisis on rural India?

cbse
cbse-class-10
cbse-class-10-social
making-global-world

#1
  • 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.