Question

Examine the main features of medieval indian economy

Answer 1

 Economic history of early medieval India is defined by the patterns of production, exchange and dispersion of the money. These patterns also illuminate the process of change within an economy, or provide a basis of comparison between contemporary economies. Economic history of early medieval India can be analysed through a thorough investigation of the recovered coin hoards permits a fairly coherent reconstruction of the monetary systems of that period. In spite of a clear lack of trustworthy statistical data strongly articulated perceptions of the nature of India's early medieval economy have become widely propagated. 

Some of the acknowledged elements of early medieval society, such as feudalisation, decentralisation, decline of trade and village self-sufficiency, have become virtual axioms of historic and economic texts. The keystone in this structure has been, and remains, the broadly-based perception of the under-monetisation of early medieval society and the relapse of its economy into the exchange of goods and services by barter. This model has been encouraged by the relative silence of Indian numismatists on the subject of post-classical, pre-Sultanate coinage. This contrasts sharply with the wealth of information and analysis on Mauryan, or Gupta, Sultanate or Mughal coinage. Economic historians, taking cues from the numismatic literature, have conjured up a dismal picture of money, and hence exchange, in the period AD 750-1200. 

Answer 2

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