Question

Who were shikaripuri shroff and nattukottai chettiars

Answer 1

1) Shikaripuri Shrotts and Nattukottai Chettiyars were groups of financiers and merchants.

2) They funded export agriculture in Southeast and Central Asia.

3) They followed a high-level system of transferring money throughout various locations.

4) These Shrotts and Chettiyars used either their own reserves or the money borrowed from European banks.

5) They also established business organisations in ethnic ways.

Answer 2

Answer:

They were one of the numerous organizations of bankers and businessmen who supported Central and Southeast Asian export agriculture with their own resources or loans from European banks.

Explanation:

Growing food and other crops for the global market requires capital. The peasants in India received this capital from the Shikaripuri Shroffs and Nattukottai Chettiars :

1)They even created their own native types of corporate structure. They had a sophisticated mechanism for transferring money over long distances.

2)Groups of financiers and businesspeople called the Shikaripuri Shrotts and the Nattukottai Chettiyars.

3) They contributed money to Southeast and Central Asian export agriculture.

4) They used a sophisticated method to move money between several locations.

5) These Chettiyars and Shrotts either borrowed money from European banks or used their own reserves.

6) They created ethnically-based business organizations.

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