Compare Gupta age Economy and Present Day Economy
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Answer:
Guptas age economy :-
During the post Harsha period the literary and inscriptional evidences show the advanced state of agriculture, trade and economy. The early Arab writers also refer to the fertility of the soil and the rich cultivation. Literature like Abhidhanaratnamala mentions that the soil was classified variously as fertile, barren, desert, excellent etc. It is also mentioned that different kinds of fields were selected for different classes of crops.
During the post Harsha period the literary and inscriptional evidences show the advanced state of agriculture, trade and economy. The early Arab writers also refer to the fertility of the soil and the rich cultivation. Literature like Abhidhanaratnamala mentions that the soil was classified variously as fertile, barren, desert, excellent etc. It is also mentioned that different kinds of fields were selected for different classes of crops.In the field of industry the oldest one is that of textile. The profession of weavers, dyers, tailors etc. is mentioned by the contemporary literature. Working in metal was also very popular during that period. Some centres of metal industry were famous. Saurastra (Gujarat) was famous for its bell metal industry while Vanga (Bengal) was known for its tin industry.
During the post Harsha period the literary and inscriptional evidences show the advanced state of agriculture, trade and economy. The early Arab writers also refer to the fertility of the soil and the rich cultivation. Literature like Abhidhanaratnamala mentions that the soil was classified variously as fertile, barren, desert, excellent etc. It is also mentioned that different kinds of fields were selected for different classes of crops.In the field of industry the oldest one is that of textile. The profession of weavers, dyers, tailors etc. is mentioned by the contemporary literature. Working in metal was also very popular during that period. Some centres of metal industry were famous. Saurastra (Gujarat) was famous for its bell metal industry while Vanga (Bengal) was known for its tin industry.The trade with South East Asia during post Gupta age registered a significant increase. The Arab, Chinese and Indian sources mention the flow of trade between east and west via India. India exported sandal wood, pearls, camphor, cotton, metals, precious and semi precious stones. The imported items consisted majorly of horses. The horses were imported from Central and Western Asia. The Shrenis or guilds were important in post Gupta age.
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Present day economy :-
The economy of India is characterised as a developing market economy. It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity. According to the IMF, on a per capita income basis, India ranked 139th by GDP and 118th by GDP in 2018.
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