Answer:
Ans. India is looked upon as a country with immense resources available through its length and breadth. India was famed for her fabulous wealth ever since the ancient times till the establishment of the British Empire. Indian trade history reflects that despite the frequent political upheavals during the 12th to the 16th centuries the country was still prosperous. The political and economic policies followed by the Muslim rulers propagated the growth of towns in various parts of the country. These towns grew into trade and industrial centers which in turn led to the general prosperity. From the 16th to the 18th centuries covering the two hundred years of Mughal rule Indian urbanization saw further growth. Descriptions of the wide variety of excellent goods sold in the Indian markets of those days are found in the records of foreign travelers. India was well known for its textiles one of the chief items of export. Textiles from Gujarat were sent to the Arab countries and to South-east Asia. Trade history of India also shows hardwood furniture embellished with inlay work was a very popular item for expert. Although the expensive carvings and inlays were inspired by the ornate Mughal style the furniture was modeled on the European design. Carpets were used both in ancient and medieval India. But the skill of carpet weaving touched new heights only during the Mughal era in the 16th century. A larger variety of ornamental work in cut stones ivory pearl and tortoise shells were produced in South India. Pearl fishing was a major industry here. Indian arts and crafts patronized by Indian rulers were unmatched for their beauty and skill and were very popular in the European countries. History of Indian trade has extensive accounts about domestic trade in medieval India by the foreign travelers. With Delhi as a major trade centre well-maintained roads linking various parts of the country facilitated domestic trade has been mentioned. River routes also promoted trade between different parts of the country. Different communities were known to dominate trade in various parts of the country. Indians exports were seen too far exceed her imports both in the number of items as well as in volume. Arab traders shipped Indian goods to European countries through the Red Sea and the Mediterranean ports. Foreign trade was in the hands of both local and foreign merchants as revealed by the Indian trade history. The magnitude of India's foreign trade during the medieval period can only be imagined. But India was always able to enjoy a favorable balance in her trade relations with other countries. With huge earnings from her exports of various commodities the state coffers were amply stocked with gold and silver. By the time India gained Independence from the British in 1947 the economy was entirely geared to only trade. There were hardly any manufacturing facilities to suffice the needs of the growing Indian population. The past couple of decades in the history of Indian Trade have seen the country struggle to create manufacturing capacities across the board to be self-sufficient. The government has been focusing on the same to enable broad basing the development to move the economy from an underdeveloped status to being a developed nation. India today stands at an over a trillion economy. Darjeeling tea Indian khadi cotton Bombay Duck Kashmiri carpets Indian spices and dry fruit are just a few of the famous gifts India has given to the world. The economic levels have improved in the urban and semi-urban areas. Indian trade history is remarkable. Indian trade has benefited and so has the world. The country has realized that at the end of the day maximizing use of one's own resources is what makes all the difference
You need to login to perform this action.
You will be redirected in
3 sec
