Effects of non cooperation on Indian economy
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I. Fall in imports: foreign goods were boycotted liquor shops ticketed and foreign cloth burnt in huge Bonfire. the import of foreign cloth halfed between 1921 and 1922 its value dropping from 102 crore to 57 crore
II. boycott of foreign goods :in many places merchants and traders refused to trade in foreign goods or finance foreign trade
III. Boost for Indian industry as Boycott Movement spread and people began discarding imported clothes and wearing only Indian once production of Indian textile mills Handlooms went up went up
II. boycott of foreign goods :in many places merchants and traders refused to trade in foreign goods or finance foreign trade
III. Boost for Indian industry as Boycott Movement spread and people began discarding imported clothes and wearing only Indian once production of Indian textile mills Handlooms went up went up
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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
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