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Explain how were Indian marchants and …

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Explain how were Indian marchants and bankers involved in the export trade in the early 18th century.
  • 1 answers

Yogita Ingle 5 years, 11 months ago

A variety of Indian merchants and bankers were involved in the export trade in early 18th century.
They were financing production, carryinggoods and supplying exporters. The supply merchants linked the port towns to the inland regions.
They gave advances to the weavers, procured the woven cloth from weaving villages and carried the supply to the ports. At the port, the big shippers and export merchants had "brokers who negotiated ’ the price and bought goods from the supply merchants operating inland.

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