<P> Rice, wheat, etc., could be used for private consumption but the cash crops which they now cultivated could not be used for private consumption . As there was little sale of indigenous manufactures and limited exports, commodities accumulated and the flow of cash was restricted . Moreover, imports were severely affected by the Swadeshi movement and the boycott of foreign goods imposed by Indian nationalists . There was a deficiency of money in many places causing widespread poverty . </P> <P> In such a condition, the most recommended course of action is the devaluation of currency . Most countries afflicted by the Great Depression as Australia, New Zealand, Brazil and Denmark reduced the exchange value of their currencies . However, the British Raj rejected the idea . A recommended course of action to increase mobility of cash is rise of government expenditure . However, the Government was less interested in spending than accumulation . </P> <P> International trade decreased a great deal . The imports fell by over 47% while the exports fell by over 49% between 1929 and 1932 . Between 1928--29 and 1933--34, exports due to seaborne trade decreased by 55.75% to Rs. 1.25 billion while imports decreased by 55.51% to Rs. 2.02 billion . </P> <P> Due to a decline in exports and imports, and thereby, in the transportation of goods, the railway revenues decreased exponentially . All the expenses for the years 1930--31 and 1931--32 were paid from the Railway Reserve Fund . There was a decrease of Rs. 151 million in the railway revenues between 1930 and 1932 . </P>

Explain the impact of great depression in the indian economy