Answer the following in detail

Explain the commercial developments in Medieval India.

The commercial developments in medieval India are mentioned below:

a. India has an extensive network of trade for marketing goods.

b. The village was the basic geographical unit of production, the economy was subsistence with barter as the medium of exchange.

c. The producer produced a surplus amount which he marketed himself in the regional areas.

d. All the different kinds of market co-existed in the country.

e. Big cities were the major commercial centers with bazaars and shops.

f. Interregional trade was promoted by the network of roads. Apart from this, trade through waterways was also promoted. The major ports were Surat, Patna, and Masulipatnam for international and Maritime trade.

g. India was an important part of the maritime trade across the Indian Ocean. It extended from China in the east to Africa in the west. This was due to the geographical location in the middle of the Indian Ocean.

h. The Major ports in Asiatic trade during the 17th century were Masulipatnam in the Golconda Kingdom, Calicut in Kerala, Pulicat in Coromandel coast, etc.

i. India was a major exporter of textiles, paper, precious and semi-precious gems such as diamonds.

j. The European trading companies entertain merchants of India to supply the good that they wanted and to lift the imports which they brought in from Europe.