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Following are the economic effects of the non-cooperation movement:
• The economic effects of the non-cooperation movement were very significant. Foreign goods were boycotted, liquor shops were picketed and bonfires were lit of foreign cloth.
• The domestic textile mills and handlooms industry got a shot in the arm since people had begun to prefer Indian clothes over imported ones.
• Merchants and traders abstained from trading in foreign goods or finance foreign trade.
• Between 1921 and 1922, the import of foreign cloth dropped by half and its value also diminished
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