tih Write a short note on the
economy of gupta empire?
Answers
Answer:
During the Gupta period agriculture formed a significant part of the empire's economy. However, the trade and commerce activities of the Gupta Empire grew steadily. The merchant and other traders were organized into guilds. These guilds were given concessions in the taxes that were liable to be paid to the government.Agriculture, trade and commerce helped aid in the growth of the economy of the Gupta Empire. Devolopment of the textile, pearl and pottery industries created further opportunities for goods to be exported smoothly. The pottery industry was important for trade.Prosperity in the Gupta Empire initiated a period known as the Golden Age of India, marked by extensive inventions and discoveries in science, technology, engineering, art, dialectic, literature, logic, mathematics, astronomy, religion, and philosophy.The government of the Guptas was a largely decentralized one, where local authorities, social groups, and powerful trade guilds retained significant autonomy. Gupta administration was tolerant of local variations and did not discriminate unfairly among Hindus, Buddhists, or Jains.