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How had the First World War created a new economic situation in India? Explain with three examples.

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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 industrialization.
(ii) It led to a huge rise in the defense 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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