Question

Explain how were indian merchants and bankers involved in the export trade in early 18th century

Answer 1

A variety of Indian merchants and bankers were involved in the export trade in early 18th century.

They were financing production, carryinggoods and supplying exporters. The supply merchants linked the port towns to the inland regions.

They gave advances to the weavers, procured the woven cloth from weaving villages and carried the supply to the ports. At the port, the big shippers and export merchants had "brokers who negotiated ’ the price and bought goods from the supply merchants operating inland.