History of Trade and Commerce in India
History of Trade and Commerce in India. The economic and commercial evolution of any country depends against its natural surroundings. This stands valid for the Indian as a combination of which has the Himalayas in the North bordered by water in the South. A chain of roads joining into the Silk Route helped in building commercial and political contacts with adjoining outside kingdoms and nations of Asia, and the world.
The maritime routes joined the east and the west by sea and were used for the business of spices and known as ‘spice route’. Due to the progress of wealth through these routes, the chief nations, major trade centres and the manufacturing belt increased, which in turn additional helped the progress of national and international trade in ancient India.
Trade and commerce in India have played an important function in making India to envolve as a main factor in the economic life in early times. Archaeological pieces of proof have shown that trade and commerce were the strength of the economy of old India shipped out by water and land. Commercial towns like Harappa and Mohenjodaro were established in the third millennium B.C. The civilisation had built commercial links with Mesopotamia and traded in gold, silver, copper, coloured gemstones, beads, pearls, seashells, terracotta pots, etc.
The era was marked by large commercial activities and planned development. Political economy and military defence during ancient times united most of the Indian subcontinent and trade settlements were fully designed. There were various types of coins and weighing systems which used to vary from place to place with the help of currency changers and by resorting to some generally accepted weights and measures.