what are the famous trading communaties of india during the medival period
Answers
Among the merchant classes, some specialized in wholesale trade, and others in the retail trade. The wholesale traders were known as ‘seth’ or ‘bohra’ and the retail traders were known as ‘beoparis’ or ‘banik.’
In south India, the community ‘chettis’ formed the trading class. Besides, there was a special class, ‘banjaras,’ who specialized in the trading.
The banjaras used to move from one place to another place, sometimes with thousands of oxen, laden with food grains, salt, ghee, and other daily use stuff.
The ‘sarrafs’ (shroff) are specialized in changing money, keeping money in deposit or lending it, or transmitting it from one part of the country to the other by means of ‘hundi.’
The ‘hundi’ was a letter of credit payable after a certain period. The use of hundis made it easier to move goods or to transmit money from one part of the country to another.
Explanation:
India always made money from trade, because India is between China and West Asia and Europe. From the Harappan period on, Indian people were selling gold to West Asia, using their carefully made weights to weigh the gold out.
Among the merchant classes, some specialized in wholesale trade, and others in the retail trade. The wholesale traders were known as ‘seth’ or ‘bohra’ and the retail traders were known as ‘beoparis’ or ‘banik.’