Give a brief account of Indian …
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Posted by Narsimha Reddy 6 years, 6 months ago
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Yogita Ingle 6 years, 6 months ago
The Shikaripuri shroffs and Nattukottai Chettiars of India were amongst the many groups of bankers and traders who financed export agriculture in Central and Southeast Asia, using either their own funds or those borrowed from European banks.
They had a sophisticated system to transfer money over large distances, and even developed indigenous forms of corporate organisation.
Indian traders and moneylenders also followed European colonisers into Africa. The Hyderabadi Sindhi traders, however, ventured beyond European colonies, and established flourishing emporia at busy ports worldwide. From the 1860s, they began selling local and imported curios to tourists whose numbers were beginning to swell, thanks to the development of safe and comfortable passenger vessels.
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