The Economic History Of Ancient India

Satisfactory Essays
The Economic History of Ancient India

The Indus civilization had great economy, which can be seen by the importance of trade that this civilization gave and also by the way their agriculture seemed to help most of the people in meeting their needs and wants. The main economic activities in Ancient India are trading and agriculture. There was a marked improvement in trade by the trade of silver coins which were minted during the 600 BC by the Mahajanpada, followed by the Maurya Empire who conquered almost the whole of India by 300 BC. During this period, trade flourished and economy grew very stable and strong. The next 1500 years, India had many rulers and was known as the largest economy of the world that dates back to the first and the seventh centuries AD. India imported and exported many items including wheat, rice, cotton, salt, gold, silk, pottery, flavorsome spices, terracotta pots, beads, silver, colored gem stones such as turquoise and lapis lazuli, metals, flints, seashells and pearls. They made ships that reached Mesopotamia where they sold gold, copper and jewelry. Around 600 BC, the Mahajanapadas minted punch-marked silver coins which marked the start of serious trade activities and urban development. By 300 B.C., when Middle East was under the Greek Seleucid and Ptolemaic empires, the Maurya Empire united most of the Indian subcontinent. The political unity and military security allowed for a common economic system, enhanced trade and commerce, and
Get Access