Explain any 3 effects of non-cooperation movement on the economy of India?
Answers
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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1. Boycott of foreign goods - Foreign goods were boycotted , liquor shops picketed and foreign cloth burst in huge bonfires.
2. Impact on imports- As people began discarding foreign cloth , the import of foreign cloth halved between 1921 and 1922 . Its value dropped from ₹102 crores to ₹57 crores .
3. Indian industry- As people decided to boycott and discard foreign clothes and began wearing only Indian ones, production of Indian textile mills and handloom went up.
4. Merchants and traders - In many places merchants and traders refused to trade in foreign goods and finance foreign trade.