crores in – . Therefore, the 1930s witnessed the emergence of the Kisan Sabhas which fought for rent reduction, relief from debt traps and even for the abolition of Zamindari. The only positive impact was on the Indian industrial sector that could use the availability of land at reduced prices and labour at cheap wage rates. The weakening ties with Britain and other capitalist countries created a condition where growth was recorded in some of the Indian industries.
Yet only the industries which fed the local consumption thrived.