Why was India not affected by The Great Depression of 1930?

Actually, India suffered badly due to the Great Depression. The price decline from late 1929 to October 1931 was 36 percent compared to 27 percent in the United Kingdom and 26 percent in the United States. As an example consider the price decline of wheat. read more

Actually, India suffered badly due to the Great Depression. The price decline from late 1929 to October 1931 was 36 percent compared to 27 percent in the United Kingdom and 26 percent in the United States. read more

The Great Depression of 1929 had a very severe impact on India, which was then under the rule of the British Raj. The Government of British India adopted a protective trade policy which, though beneficial to the United Kingdom, caused great damage to the Indian economy. read more

Great Depression in India topic. The Great Depression of 1929 had a very severe impact on India , which was then under the rule of the British Raj . The Government of British India adopted a protective trade policy which, though beneficial to the United Kingdom , caused great damage to the Indian economy. read more

But in 1929 after the Great Depression which collapsed US economy, it was forced to call in all of its loans given to Germany. It hit Germany hard. German industrialists had enjoyed prosperous times in the mid- to late-1920s, thanks to foreign loans and investment. read more