Describe briefly any three economic effect of non - cooperation movement

The Economic effects of Non Cooperation were:

1. Foreign goods were boycotted on a large scale, liquor shops were picketed, and foreign clothes were burnt in huge bonfires.

2.The import of foreign cloth halved between 1921 and 1922, its value dropped from Rs 102 crore to Rs 57 crore.

3. Merchants and traders refused to trade in foreign goods or finance foreign trade.

4. People started discarding foreign cloth and began wearing only Indian clothing, production of Indian textile mills and hand looms went up.