3 effects of non cooperation movement on the economy of india
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Answer:
The effects of Non-Cooperation Movement on the economic front were immense. They were
(i) Foreign goods were boycotted, liquor shops picketed , and foreign clothes were burnt hugely.
(ii) The import of foreign clothes halved between * 1921 and 1922, its value dropping from 102 crore to 57 crore rupees.
(iii) In many areas, traders and merchants refused to trade in foreign goods and sometimes even they refused to finance foreign trade.
(iv) As the boycott movement spread, people used only Indian clothes and began to discard foreign clothes.
As a result, production of Indian textile mills and handloom went up largely.
The effects of Non Co-operation Movement on the economy of India were-
Boycott Of Foreign Goods
People decided to boycott foreign goods and wear swadeshi clothes, and use Swadeshi goods.
Impact on Import
As people began discarding imported clothes, the import of foreign clothes halved between 1921 ans 1922. It's value dropped from 102 crores to 57 crores.
Impact on Indian Industry
As people decided to boycott foreign clothes, production of Indian textile mills and handloom went up.