Economic Trends since the Mauryan Age | Original Article

ABSTRACT:

The financial business of the Aryan period crystallised into organised structures and also institution during the Mauryan period. Industry and commerce progressed with the improvement in business and agriculture. The Mauryan state was more and econo-centric stress was laid on acquisition of wealth or artha. New conception of money and additionally way to get it generated conditions favourable for growth. The drop of Mauryan Empire considerably affected the progress. The political instability influenced the constant development of business and trade. The entry of feudal institutions came as a serious jolt to agricultural development. Though it had been compensated with the development of trade on non agricultural commodities. Foreign trade prospered together with the discovery of monsoon winds by Hippalaus. With the arrival of Gupta age foreign trade got brand new fillip. The conquest of Saurashtra area from the Sakas opened the gates for brisk Western trade. The merchants on the Gupta Empire enriched themselves and the state through effective outside trade. Craft and also merchant guilds played essential part in the brahminical dominance, intellectual tyranny, socio religious conception of economic activity, decline of art monopoly and farming over international trade by external agents substantially influenced early Indian economy.