Economy in Guptas Period


Economy in the Guptas Period:

The vast areas of land were brought under cultivation and improvements were made in the existing methods of production to attain higher yield.

The spread of knowledge regarding the use of iron plough share, manure, irrigation and preservation of cattle wealth in backward areas also contributed to rural prosperity.

The Gupta and post- Gupta period witnessed a comparative decline in the country’s trade and commerce.

 

Till AD 550 India continued to have some trade with the eastern Roman empire.

India exported silk and spices to the Roman empire.

Around the sixth century, the Romans learned the art of rearing silkworms. This adversely affected India’s foreign trade in this precious commodity.

Another factor for the decline of India’s foreign trade was the disruption of the north-western route by the Hunas. 

The loss in trade lessened the inflow of gold and silver into the country.

The Guptas did issue a large number of gold coins called dinaras.

The gold coins of each successive Gupta ruler, after Chandragupta II, contain less of gold and more of alloy.

After the Guptas, very few coins of Kings of different dynasties have been found.

A self-sufficient economic system with limited trade prevailed after the downfall of the Guptas.

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