INDIAN HISTORY

Detailed explanation-1: -The two major business communities in medieval India were the Banjaras (long-distance transporters) and Baniyas (village and town merchants). The Banjaras combined pastoralism and the carrying trade. Their role in Indian agrarian commerce was extremely important.

Detailed explanation-2: -In the early medieval period, India had a rich trade relations with neighbouring and western countries. The exports and imports consisted of precious stones, gold, silver, cloths and commodities. There was a time in the past, when Indians were the masters of the sea borne trade of Europe, Asia and Africa.

Detailed explanation-3: -Barter . The earliest medieval method of economic exchange for trader and nontrader alike was barter. The markets for the early trader were largely the feudal village and the manor household. Their internal economy was based on service and duties, not on payments of money.