(i) India’* exports and imports nearly halved.
(ii) As international prices crashed, prices in India also plunged.
(iii) Wheat prices in India fell by 50 percent.
(iv) Peasants and farmers suffered more than urban dwellers.
(v) The colonial government refused to reduce revenue demands.
(vi) India’* peasants indebtedness increased.
(vii) They used up their savings and sold jewellery and precious metals. The Great Depression helped the urban people especially the fixed income earners.
