Economy, asked by mehtaniyati, 3 months ago

specify the state of industries of ancient india​

Answers

Answered by ashokkumar200369
2

Answer:

The economic history of India begins with the Indus Valley Civilisation (3300–1300 BCE), whose economy appears to have depended significantly on trade and examples of overseas trade. The Vedic period saw countable units of precious metal being used for exchange. The term Nishka appears in this sense in the Rigveda.[1] Historically, India was the largest economy in the world for most of the next three millennia, starting around the 1st millennia BCE and ending around the beginning of British rule in India.[2]

Around 600 BCE, the Mahajanapadas minted punch-marked silver coins. The period was marked by intensive trade activity and urban development. By 300 BCE, the Maurya Empire had united most of the Indian subcontinent except Tamilakam, which was ruled by Three Crowned Kings. The resulting political unity and military security allowed for a common economic system and enhanced trade and commerce, with increased agricultural productivity.

The Maurya Empire was followed by classical and early medieval kingdoms, including the Cholas, Pandyas, Cheras, Guptas, Western Gangas, Harsha, Palas, Rashtrakutas and Hoysalas. The Indian subcontinent had the largest economy of any region in the world for most of the interval between the 1st century and 18th century.[3][4][5][6] Up until 1000 CE, its GDP per capita was not much higher than subsistence level.[7]

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Answered by singhriddhima278
2
Early Times:

History of Industry in India dates back to the history of mankind. India’s handicrafts manufactured in village huts and houses all over the country were prized in foreign countries.

Early Times:

History of Industry in India dates back to the history of mankind. India’s handicrafts manufactured in village huts and houses all over the country were prized in foreign countries.

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