History · Modern Indian History
How did the conditions created by World War I impact India's trade balance during the later war years, specifically due to a sharp decline in imports?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It completely halted all maritime commercial transactions
- 2It resulted in a favorable trade surplus because imports declined much faster than exports✓
- 3It led to a massive and permanent trade deficit in agricultural goods
- 4It had no significant overall impact on the net trade position
Correct answer
It resulted in a favorable trade surplus because imports declined much faster than exports
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