Enthusiasm of the merchants and industrialists faded away during the later stage of CDM due to following reasons:
(i) The industrialists attacked the colonial control over the Indian economy and supported the Civil Disobedience Movement when it was first launched They gave financial assistance and refused to buy or sell imported goods.
(ii) Most businessmen came to see swaraj as a time when colonial restrictions on business would no longer exist and trade and industry would flourish without constraints.
(iii) But, after the failure of Round Table Conference, business groups were no longer uniformly enthusiastic.
(iv) They were apprehensive of the spread of militant activities and worried about prolonged disruption of business, as well as of the growing influence of socialism amongst the younger members of the Congress.
