Overseas trade of India in the 15th century and what was the impact of Portuguese on Indian overseas trade?
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India had rich trade ties with the neighboring and western countries in the early medieval era. Exports and imports were precious gems, gold, silver, cloths, and services.
Explanation:
- Ancient Indian businessmen, dealers and people engaged in entrepreneurial enterprise. Manusmriti applies to both sea borne and inland and overland transport.
- Via the spice trade the Portuguese establish a hegemony on European trade with India for a century. The Portuguese held a monopoly on the pepper trade by regulating the European trade in pepper and other spices.
- According to the Encyclopedia of Chamber, India "was praised in many ages for its precious natural products, its exquisite factories and luxury goods," it was, the Encyclopedia Britannica states, and defines it as the place of industry.
learn more about Portuguese
Portuguese Naval officer established the Portuguese colonial Empire in the Indian Ocean
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