Peasants, Zamindars And The State

Question

Describe the results of India’s overseas trade under the Mughals.

Answer

During the Mughal period, there was a great expansion of land and over-seas trade. In response to the many items that were exported from India, Asia had an inflow of a large quantity of silver. A large part of silver reached India. It was a creditable thing for India because it had no natural storage of silver. As a result, the main currency in India was made of silver between the 16th and 18th centuries. There was an economic stability in the country as the rupees of silver were available in abundance.

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