Question

what was the role of overseize trade in the economic prosperity of india

Answer 1

Answer:

The role of overseas trade is as follow:

Explanation:

Overseas trade played an important role in the progress of the Indian economy. It brought back the old traders and market in India. Spices and clothes were the import materials from India that were exported to the Red Sea.

It made India one of the best traders for Europe. It happened when economic liberalization was kicked out from India and foreigners started getting into it. New technologies were launched in India by foreigners. This flow of success made India one of the powerhouses of the world.