What were the effects of Non-cooperation Movement on the economic front?

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#1
  • Foreign goods were boycotted, liquor shops picketed and foreign cloth burnt in huge bonfire.
  • The import of foreign cloth halved between 1921 and 1922, its value dropping from ? 102 crore to ? 57 crore.
  • In many places, merchants and traders refused to trade.
  • As the boycott movement spread and people began discarding imported clothes and wearing only Indian ones, production of Indian textile mills and handlooms went up.