Explain any three effects of the Non Cooperation Movement on the economy of India.

The Non-Cooperation-Khilafat Movement began in January 1921. Various social groups participated in this movement, each with its own specific aspiration. All of them responded to the call of Swaraj, but the term meant different things to different people.

• Foreign goods were boycotted, liquor shops picketed, and foreign cloth burnt in huge bonfires.
• The import of foreign cloth halved between 1921 and 1922, its value dropping from Rs 102 crore to Rs 57 crore.
• In many places merchants and traders refused to trade in foreign goods or finance foreign 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.