economy of krishnadevaraya times
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Explanation:
The rise of Vijayanagar Empire was accompanied by the decline of Delhi Sultanate. The empire was ruled by four dynasties. I.e. Sangama dynasty, Saluva dynasty, Tuluva dynasty, and Aravidu dynasty. The rulers of Vijayanagar Empire devoted themselves to the growth of agriculture, and built cities and capitals with magnificent buildings. The different aspects of Society and Economy under Vijaynagara Empire are contained in narratives of foreign travellers, inscriptions, and literature
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Economic Conditions
The Vijayanagar Empire was one of the richest state then known to the world. Several foreign travellers, who visited the empire during the 15th and 16th Centuries, have left glowing accounts of its splendor and wealth.
- Agriculture: It was in a flourishing condition. It was the policy of rulers to encourage agriculture in the different parts of the empire and to increase agricultural production by a wise irrigation policy. Nuniz, the Portuguese traveller, speaks of the construction of a dam and the excavation of canals.
- Industries: The agricultural wealth was supplemented. by numerous industries, the most important of which were textiles, mining and metallurgy. Another important industry was perfumery.
- Industries and crafts were regulated by guilds.
- It was common practice for people of the same trade to live in one and the same quarter of the city.
- Abdur Razzak, the Persian diplomat and traveler, remarks: 'The tradesmen of each separate guild or craft have their shops close to another'. Trade There was flourishing inland, coastal, and overseas trade which was an important source of general prosperity. The kingdom, according to Abdur Razzak, had 300 seaports.
- The most important commercial area on the West coast was Malabar, with its important port of Cannanore. It had commercial relations with the islands of the Indian Ocean, Burma, the Malay Archipelago, and China in the East, and Arabia, Persia, South Africa, Abyssinia and Portugal on the West.
- Among the exports, the main items were cloth, spices, rice, iron, saltpeter, sugar, etc. The main imports consisted of horses, elephants, pearls, copper, coral, mercury, China silks and velvets.
- Ships were used for coastal and overseas trade. Vijayanagar had its own ships; the art of ship-building was known, but we do not know if ocean-going ships were built.
- Barbosa, another Portuguese traveller, says that South India got its ships built in the Maldive Islands.
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