Question

Compare the economy between Gupta period and post independent era

Answer 1

Answer:

During the Gupta period agriculture formed a significant part of the empire's economy. However, the trade and commerce activities of the Gupta Empire grew steadily. The merchant and other traders were organized into guilds. These guilds were given concessions in the taxes that were liable to be paid to the government.Prime minister Jawaharlal Nehru's development model envisaged a dominant role of the state as an all-pervasive entrepreneur and financier of private businesses. The Industrial Policy Resolution of 1948 proposed a mixed economy