INDIAN HISTORY

Detailed explanation-1: -These Roman coins also suggest that the Indian peninsula possessed a stable seaborne trade with Rome during 1st and 2nd century AD.

Detailed explanation-2: -India’s foreign trade has witnessed structural changes interms of volume, composition and direction over the period of 65 years after independence. The trade increased from a meagre US$2.5 billion in 1950 to around US$10billion in 1975-76, US$43 billion in 1990-91, US$95 billion in 2001-02 and US$620billion in 2010-11.

Detailed explanation-3: -During the ancient times, India was the leading exporter of silk, cotton, sugar, precious stones. India was also the exporter of spices to the west and this was done through the spice route. All these items were exported in exchange for gold and silver from other nations.

Detailed explanation-4: -i Before the age of machine industries silk and cotton goods from India dominated the international market in textiles. Coarser cotton was produced in many countries but the finer varieties often came from India. Armenian and Persian merchants took the goods from Punjab to Afghanistan Eastern Persia and Central Asia.