Dr, Ambedkar has written very good thesis on Ancient Indian Commerce.
Bharat had very well developed Agriculture, manufacturing, trade and services since ancient time.
Guilds played an important role in trade and commerce throughout ancient Indian history. They were organized groups of merchants and artisans that helped facilitate economic activity and growth. Guilds gained significant power and influence over time, taking on administrative, judicial, and banking functions in many cities and helping support the development of arts, crafts, and infrastructure projects through their donations.
Bodh Gaya is a religious site in Bihar, India and a place of pilgrimage for Buddhists. It was here under the Bodhi tree where Siddhartha Gautama is said to have attained enlightenment. In the 3rd century BC, Emperor Ashoka built the Mahabodhi Temple at the site to commemorate this event. The Mahabodhi Temple complex was designated a UNESCO World Heritage Site in 2002 and remains an important pilgrimage destination for people of the Buddhist faith from around the world.
Maritime trade has a long history in India dating back to the Indus Valley Civilization. During this period, the Harappans established an extensive maritime trade network connecting India to Mesopotamia and other parts of Western Asia. Major exports included timber, ivory, and luxury goods like lapis lazuli. The trade continued and expanded after the decline of the Harappans. Under the Mauryan Empire in the 4th-3rd centuries BCE, maritime trade flourished as the state established rules and infrastructure to regulate ports and trade. Major trading partners included regions along the Red Sea like Egypt and East Africa. In later centuries, India engaged in extensive trade with Rome, Byzantium, Southeast Asia,
Magadha was located along major rivers which allowed it to control trade and gain wealth. Its natural resources like iron ore and elephants also strengthened its military power. Later, the ruler Ajathasatru shifted the capital to Pataliputra, further increasing Magadha's power, though it was later conquered by the Nanda dynasty under Mahapatma Nanda.
The Indus Valley Civilization is also known as the Harappan Civilization, after Harappa, the first of its sites to be excavated in the 1920s, in what was then the Punjab province of British India, and is now in Pakistan.
The document summarizes information about the ancient Gandhara Kingdom located in northern Pakistan and eastern Afghanistan. Some key details:
- Gandhara's main cities were Purushapura (Peshawar), Takshashila (Taxila), and Pushkhalavati (Charsadda). It lasted from the 1st millennium BC to the 11th century AD and was ruled by various empires over time, including the Persians, Greeks, Indo-Greeks, and Kushans.
- The region flourished under Buddhist rule from the 1st to 5th centuries AD and was a center of Buddhism. Archaeological sites from this period, like the Dharmarajika
Guilds played an important role in trade and commerce throughout ancient Indian history. They were organized groups of merchants and artisans that helped facilitate economic activity and growth. Guilds gained significant power and influence over time, taking on administrative, judicial, and banking functions in many cities and helping support the development of arts, crafts, and infrastructure projects through their donations.
Bodh Gaya is a religious site in Bihar, India and a place of pilgrimage for Buddhists. It was here under the Bodhi tree where Siddhartha Gautama is said to have attained enlightenment. In the 3rd century BC, Emperor Ashoka built the Mahabodhi Temple at the site to commemorate this event. The Mahabodhi Temple complex was designated a UNESCO World Heritage Site in 2002 and remains an important pilgrimage destination for people of the Buddhist faith from around the world.
Maritime trade has a long history in India dating back to the Indus Valley Civilization. During this period, the Harappans established an extensive maritime trade network connecting India to Mesopotamia and other parts of Western Asia. Major exports included timber, ivory, and luxury goods like lapis lazuli. The trade continued and expanded after the decline of the Harappans. Under the Mauryan Empire in the 4th-3rd centuries BCE, maritime trade flourished as the state established rules and infrastructure to regulate ports and trade. Major trading partners included regions along the Red Sea like Egypt and East Africa. In later centuries, India engaged in extensive trade with Rome, Byzantium, Southeast Asia,
Magadha was located along major rivers which allowed it to control trade and gain wealth. Its natural resources like iron ore and elephants also strengthened its military power. Later, the ruler Ajathasatru shifted the capital to Pataliputra, further increasing Magadha's power, though it was later conquered by the Nanda dynasty under Mahapatma Nanda.
The Indus Valley Civilization is also known as the Harappan Civilization, after Harappa, the first of its sites to be excavated in the 1920s, in what was then the Punjab province of British India, and is now in Pakistan.
The document summarizes information about the ancient Gandhara Kingdom located in northern Pakistan and eastern Afghanistan. Some key details:
- Gandhara's main cities were Purushapura (Peshawar), Takshashila (Taxila), and Pushkhalavati (Charsadda). It lasted from the 1st millennium BC to the 11th century AD and was ruled by various empires over time, including the Persians, Greeks, Indo-Greeks, and Kushans.
- The region flourished under Buddhist rule from the 1st to 5th centuries AD and was a center of Buddhism. Archaeological sites from this period, like the Dharmarajika
Indo-Roman trade flourished between the 1st century BCE to 2nd century CE due to the political and economic strength of the Roman Empire and the rise of kingdoms in India like the Kushans and Satavahanas. Key commodities traded were spices, textiles, gems from India and glass, wine, and metals from Rome. Major ports involved in the trade included Barygaza, Muziris, and Arikamedu. Archaeological evidence like amphorae, coins, and other artifacts provide evidence of extensive trade networks and cultural exchange between the two regions.
Four important pre-historic ages in India are discussed:
1. Paleolithic Age (Old Stone Age) where man used basic stone tools for hunting and tasks.
2. Mesolithic Age (Intermediate Stone Age) where man began to develop new skills.
3. Neolithic Age (New Stone Age) where man developed improved stone tools and new civilizations.
4. The Age of Metals where gold, then copper, and later bronze and iron were discovered and used, marking further advances in civilization.
Though knowledge of prehistoric India is limited, these ages were important in developing early human skills, inventions, and civilizations.
The document discusses the emergence of Mahajanapadas in ancient India during the 6th century BCE. Some key points:
- 16 major Mahajanapadas emerged across northern India, each centered around a city-state and ruled by Kshatriya tribes. These included Magadha, Kasi, Kosala, Vatsa, Kuru, Panchala, Surasena, Assaka, Avanti, Gandhara, Kamboja, Chedi, Videha, Saisunaga, and Matsya.
- The Mahajanapadas were both monarchies and republics. Monarchical states were located on the Gangetic plains while republic
Shivaji Maharaj was the founder of the Maratha Empire in India who lived from 1627 to 1680. He established a fair administration with affordable loans and tax collection. Shivaji promoted common people based on merit and had advisors from various religions. He pioneered innovative guerrilla warfare tactics and naval forces. Many of Shivaji's principles, such as division of work and clear vision, remain relevant to successful leadership and management today.
INDIA is an ideal destination for MICE tourism because of the following reasons:-
Good infrastructure such as big convention centers , conferences and banquet halls, exhibition centers, auditoriums and stadiums for hosting/ closing ceremonies and other events.
The cities have good number of 5-star and 4-star hotels for accommodation, restaurants, bars, recreation activities like Golf-course, yoga, Ayurveda centre , discotheque, health club etc.
These cities are easily accessible to domestic and international flights for the business tourists.
Ancient India experienced significant developments between 3000 BCE and 500 CE. Major civilizations arose along the Indus River Valley, most notably Harappa and Mohenjo-Daro, which had advanced sewage systems and city planning. Around 1500 BCE, Aryan invaders established themselves across northern India and introduced Sanskrit. Their social hierarchy later developed into the caste system. Buddhism emerged in the 6th century BCE founded by Siddhartha Gautama and emphasized enlightenment through non-attachment. Powerful empires like the Mauryans and Guptas unified parts of India at different times and Indian culture flourished with developments in architecture, literature, mathematics and science.
This document provides a high-level chronology of major events in India's history from 25 million BCE to 325 BCE. Some key events mentioned include the formation of the Himalayan mountain range 25 million BCE, the earliest evidence of farming and civilization in India between 13,000-8,000 BCE, the peak of the Indus Valley Civilization between 5,500-4,000 BCE, the composition of the Vedas between 4,500-1,500 BCE, the Mahabharata war around 1375 BCE, and the rise of the Maurya Empire under Chandragupta Maurya in 325 BCE after he defeated the Nanda Dynasty. The chronology is based on archaeological evidence and texts such
The document summarizes Indo-Roman trade between 200 BCE and 300 CE. It discusses the political conditions in India and Rome during this period, including the rule of various dynasties. The key sources of information about Indo-Roman trade are identified as literary works, archaeological evidence, and inscriptions. Major ports involved in the trade route are listed. Items exported from India included spices, textiles, minerals, gems, and ivory. Items imported to India were luxury goods like wine and glass. The trade led to an outflow of Roman gold, but benefited Indian merchants.
The Indus Valley Civilization was discovered in 1921 in modern-day Pakistan and northwest India. It consisted of over 1,500 sites spread across 1.3 million square kilometers, including major cities like Harappa, Mohenjo-Daro, and Lothal. The civilization demonstrates sophisticated urban planning and infrastructure, including standardized bricks, streets, drainage systems, and water supply. Residents practiced agriculture and domesticated animals, and engaged in regional trade of materials, shells, and other goods. Though the script remains undeciphered, the civilization likely had its own religious beliefs and language. It declined around 1500 BCE possibly due to environmental changes like floods. Recent excavations continue adding to understanding of the advanced Bronze Age
The document provides information about India during the medieval period. It discusses the emergence of new social and political groups during this time, including Mahmud Ghazni and the Turks who founded the Delhi Sultanates. The Delhi Sultanates were later replaced by the Mughals, who established the Mughal Empire. Many regional kingdoms also emerged across India during the medieval period. There were also major developments in religious traditions, including the emergence of Bhakti, the arrival of Islam, and the spread of Sufism through Sufi saints.
Rajputs are a group of warrior clans from northern and western India that were once rulers of many princely states. They trace their origins to tribes from central Asia that entered India between the 9th-12th centuries. While Rajputs once controlled a large empire, they lost power after defeats to Muslim rulers in the 12th century. Today, Rajputs engage in traditional ceremonies to mark life events and reside in homes divided by gender, following regional customs for dress, diet and recreation. As former ruling elites, they now face challenges adjusting to democratic India.
The Indus Valley Civilization spanned parts of modern-day Pakistan and northwest India from 3300 BCE to 1300 BCE. At its peak during the Mature Harappan period from 2600-1900 BCE, the civilization had trade networks connecting it as far as Mesopotamia in the west and parts of Central Asia. It featured large urban settlements built along major rivers, many with sophisticated water and drainage systems. While no conclusive evidence of religious structures has been found, some seals depict figures in poses resembling later Hindu deities like Shiva, and burial practices included both burial and cremation.
Heritage means what we inherit from our ancestors and from our past.
The heritage of India is the result of developments in the social , economy , culture and life style of people.
The land and people are two component of heritage.
The Indus Valley civilization flourished from 3300 BCE to 1300 BCE along the Indus River valley. It was a large, well-organized urban society that had widespread trade networks. The civilization included over 1,000 cities and settlements, some as large as 40,000 people. It had advanced sanitation systems, including covered sewers. Writing systems and uniform weights and measures showed a sophisticated culture. The civilization unexpectedly declined around 1300 BCE possibly due to climate change and flooding, though the exact cause is unknown.
The Mughal Empire was a Persianate empire that ruled large parts of the Indian subcontinent from 1526 to 1707. It was founded by Babur, a Timurid leader of Turco-Mongol descent. The Mughals governed through a highly centralized administration divided into provinces, districts, and villages. The emperor was the head of state and fountain of law, while the mansabdari and jagirdari systems organized the Mughal military and administrative structures. The Mughal state combined elements of Indian administration with Persian models of governance.
This document discusses the development of New Archaeology/Processual Archaeology, which aimed to elevate archaeology to a scientific discipline through systematic and logical inquiry. Key aspects discussed include the contextual method advocated by W. Walter Taylor, the emphasis on formulating testable hypotheses and laws of cultural process influenced by theorists like Binford and White, and the use of quantitative methods and systems theory. However, some archaeologists were critical of approaches that de-humanized the field or were overly theoretical, preferring emphasis on descriptive and historical aspects. The document concludes that both nomothetic and ideographic approaches are essential and complementary.
The Chola Dynasty (Golden age of tamil culture)Varun Chauhan
The Chola Dynasty ruled parts of southern India between the 9th and 13th centuries AD. They built a powerful empire and had a significant impact on culture through their patronage of arts, architecture, and literature. The Cholas constructed grand Hindu temples, such as the Brihadeeswarar Temple at Thanjavur, which are now UNESCO World Heritage Sites. They also excelled in bronze sculpture and introduced new styles of dance and poetry. The Chola administration was highly centralized under the king, who oversaw efficient military, revenue collection, and local governance systems. Their empire declined in the 13th century due to growing Pandyan power and difficulties controlling their vast territories.
Reforms of Ala-UD-DIN-KHILJI & muhmmad-Bin-tughluqNemil Shah
The document outlines the price regulation policies of Firoz Shah Tughlaq to make necessities affordable and maintain a large standing army. Key points:
- Prices of grain, cloth, vegetables and other necessities were regulated and fixed below market rates to control inflation and reduce the cost of living.
- Large grain stocks were collected and restrictions placed on grain trading to cheaply supply the large permanent army.
- Merchants had to register, sell at fixed prices under supervision of officials, and were punished for speculation or hoarding.
- The policies were successful in keeping prices stable and commodities cheap throughout Firoz Shah's 14 year rule.
Dr. BhimRao Ambedkar's speeches are replete with stimulating economic thoughts. He is probably the first thinker to analyse ancient Indian commerce and economic dimensions of social maladies in India.
Pl see his economic views in this downloadable PPT
The document discusses the economies of ancient India, including the Indus Valley civilization, Vedic civilization, and Mauryan Empire. It notes that the Indus Valley economy depended on trade facilitated by advances in transport like boats and carts. The Vedic economy was initially nomadic and based on cattle herding but transitioned to an agricultural economy with rice cultivation. The Mauryan Empire standardized currency and infrastructure, enhancing trade, agriculture and economic activity across India through a single administrative system. It established a prosperous economy with an international trade network and public works projects.
Indo-Roman trade flourished between the 1st century BCE to 2nd century CE due to the political and economic strength of the Roman Empire and the rise of kingdoms in India like the Kushans and Satavahanas. Key commodities traded were spices, textiles, gems from India and glass, wine, and metals from Rome. Major ports involved in the trade included Barygaza, Muziris, and Arikamedu. Archaeological evidence like amphorae, coins, and other artifacts provide evidence of extensive trade networks and cultural exchange between the two regions.
Four important pre-historic ages in India are discussed:
1. Paleolithic Age (Old Stone Age) where man used basic stone tools for hunting and tasks.
2. Mesolithic Age (Intermediate Stone Age) where man began to develop new skills.
3. Neolithic Age (New Stone Age) where man developed improved stone tools and new civilizations.
4. The Age of Metals where gold, then copper, and later bronze and iron were discovered and used, marking further advances in civilization.
Though knowledge of prehistoric India is limited, these ages were important in developing early human skills, inventions, and civilizations.
The document discusses the emergence of Mahajanapadas in ancient India during the 6th century BCE. Some key points:
- 16 major Mahajanapadas emerged across northern India, each centered around a city-state and ruled by Kshatriya tribes. These included Magadha, Kasi, Kosala, Vatsa, Kuru, Panchala, Surasena, Assaka, Avanti, Gandhara, Kamboja, Chedi, Videha, Saisunaga, and Matsya.
- The Mahajanapadas were both monarchies and republics. Monarchical states were located on the Gangetic plains while republic
Shivaji Maharaj was the founder of the Maratha Empire in India who lived from 1627 to 1680. He established a fair administration with affordable loans and tax collection. Shivaji promoted common people based on merit and had advisors from various religions. He pioneered innovative guerrilla warfare tactics and naval forces. Many of Shivaji's principles, such as division of work and clear vision, remain relevant to successful leadership and management today.
INDIA is an ideal destination for MICE tourism because of the following reasons:-
Good infrastructure such as big convention centers , conferences and banquet halls, exhibition centers, auditoriums and stadiums for hosting/ closing ceremonies and other events.
The cities have good number of 5-star and 4-star hotels for accommodation, restaurants, bars, recreation activities like Golf-course, yoga, Ayurveda centre , discotheque, health club etc.
These cities are easily accessible to domestic and international flights for the business tourists.
Ancient India experienced significant developments between 3000 BCE and 500 CE. Major civilizations arose along the Indus River Valley, most notably Harappa and Mohenjo-Daro, which had advanced sewage systems and city planning. Around 1500 BCE, Aryan invaders established themselves across northern India and introduced Sanskrit. Their social hierarchy later developed into the caste system. Buddhism emerged in the 6th century BCE founded by Siddhartha Gautama and emphasized enlightenment through non-attachment. Powerful empires like the Mauryans and Guptas unified parts of India at different times and Indian culture flourished with developments in architecture, literature, mathematics and science.
This document provides a high-level chronology of major events in India's history from 25 million BCE to 325 BCE. Some key events mentioned include the formation of the Himalayan mountain range 25 million BCE, the earliest evidence of farming and civilization in India between 13,000-8,000 BCE, the peak of the Indus Valley Civilization between 5,500-4,000 BCE, the composition of the Vedas between 4,500-1,500 BCE, the Mahabharata war around 1375 BCE, and the rise of the Maurya Empire under Chandragupta Maurya in 325 BCE after he defeated the Nanda Dynasty. The chronology is based on archaeological evidence and texts such
The document summarizes Indo-Roman trade between 200 BCE and 300 CE. It discusses the political conditions in India and Rome during this period, including the rule of various dynasties. The key sources of information about Indo-Roman trade are identified as literary works, archaeological evidence, and inscriptions. Major ports involved in the trade route are listed. Items exported from India included spices, textiles, minerals, gems, and ivory. Items imported to India were luxury goods like wine and glass. The trade led to an outflow of Roman gold, but benefited Indian merchants.
The Indus Valley Civilization was discovered in 1921 in modern-day Pakistan and northwest India. It consisted of over 1,500 sites spread across 1.3 million square kilometers, including major cities like Harappa, Mohenjo-Daro, and Lothal. The civilization demonstrates sophisticated urban planning and infrastructure, including standardized bricks, streets, drainage systems, and water supply. Residents practiced agriculture and domesticated animals, and engaged in regional trade of materials, shells, and other goods. Though the script remains undeciphered, the civilization likely had its own religious beliefs and language. It declined around 1500 BCE possibly due to environmental changes like floods. Recent excavations continue adding to understanding of the advanced Bronze Age
The document provides information about India during the medieval period. It discusses the emergence of new social and political groups during this time, including Mahmud Ghazni and the Turks who founded the Delhi Sultanates. The Delhi Sultanates were later replaced by the Mughals, who established the Mughal Empire. Many regional kingdoms also emerged across India during the medieval period. There were also major developments in religious traditions, including the emergence of Bhakti, the arrival of Islam, and the spread of Sufism through Sufi saints.
Rajputs are a group of warrior clans from northern and western India that were once rulers of many princely states. They trace their origins to tribes from central Asia that entered India between the 9th-12th centuries. While Rajputs once controlled a large empire, they lost power after defeats to Muslim rulers in the 12th century. Today, Rajputs engage in traditional ceremonies to mark life events and reside in homes divided by gender, following regional customs for dress, diet and recreation. As former ruling elites, they now face challenges adjusting to democratic India.
The Indus Valley Civilization spanned parts of modern-day Pakistan and northwest India from 3300 BCE to 1300 BCE. At its peak during the Mature Harappan period from 2600-1900 BCE, the civilization had trade networks connecting it as far as Mesopotamia in the west and parts of Central Asia. It featured large urban settlements built along major rivers, many with sophisticated water and drainage systems. While no conclusive evidence of religious structures has been found, some seals depict figures in poses resembling later Hindu deities like Shiva, and burial practices included both burial and cremation.
Heritage means what we inherit from our ancestors and from our past.
The heritage of India is the result of developments in the social , economy , culture and life style of people.
The land and people are two component of heritage.
The Indus Valley civilization flourished from 3300 BCE to 1300 BCE along the Indus River valley. It was a large, well-organized urban society that had widespread trade networks. The civilization included over 1,000 cities and settlements, some as large as 40,000 people. It had advanced sanitation systems, including covered sewers. Writing systems and uniform weights and measures showed a sophisticated culture. The civilization unexpectedly declined around 1300 BCE possibly due to climate change and flooding, though the exact cause is unknown.
The Mughal Empire was a Persianate empire that ruled large parts of the Indian subcontinent from 1526 to 1707. It was founded by Babur, a Timurid leader of Turco-Mongol descent. The Mughals governed through a highly centralized administration divided into provinces, districts, and villages. The emperor was the head of state and fountain of law, while the mansabdari and jagirdari systems organized the Mughal military and administrative structures. The Mughal state combined elements of Indian administration with Persian models of governance.
This document discusses the development of New Archaeology/Processual Archaeology, which aimed to elevate archaeology to a scientific discipline through systematic and logical inquiry. Key aspects discussed include the contextual method advocated by W. Walter Taylor, the emphasis on formulating testable hypotheses and laws of cultural process influenced by theorists like Binford and White, and the use of quantitative methods and systems theory. However, some archaeologists were critical of approaches that de-humanized the field or were overly theoretical, preferring emphasis on descriptive and historical aspects. The document concludes that both nomothetic and ideographic approaches are essential and complementary.
The Chola Dynasty (Golden age of tamil culture)Varun Chauhan
The Chola Dynasty ruled parts of southern India between the 9th and 13th centuries AD. They built a powerful empire and had a significant impact on culture through their patronage of arts, architecture, and literature. The Cholas constructed grand Hindu temples, such as the Brihadeeswarar Temple at Thanjavur, which are now UNESCO World Heritage Sites. They also excelled in bronze sculpture and introduced new styles of dance and poetry. The Chola administration was highly centralized under the king, who oversaw efficient military, revenue collection, and local governance systems. Their empire declined in the 13th century due to growing Pandyan power and difficulties controlling their vast territories.
Reforms of Ala-UD-DIN-KHILJI & muhmmad-Bin-tughluqNemil Shah
The document outlines the price regulation policies of Firoz Shah Tughlaq to make necessities affordable and maintain a large standing army. Key points:
- Prices of grain, cloth, vegetables and other necessities were regulated and fixed below market rates to control inflation and reduce the cost of living.
- Large grain stocks were collected and restrictions placed on grain trading to cheaply supply the large permanent army.
- Merchants had to register, sell at fixed prices under supervision of officials, and were punished for speculation or hoarding.
- The policies were successful in keeping prices stable and commodities cheap throughout Firoz Shah's 14 year rule.
Dr. BhimRao Ambedkar's speeches are replete with stimulating economic thoughts. He is probably the first thinker to analyse ancient Indian commerce and economic dimensions of social maladies in India.
Pl see his economic views in this downloadable PPT
The document discusses the economies of ancient India, including the Indus Valley civilization, Vedic civilization, and Mauryan Empire. It notes that the Indus Valley economy depended on trade facilitated by advances in transport like boats and carts. The Vedic economy was initially nomadic and based on cattle herding but transitioned to an agricultural economy with rice cultivation. The Mauryan Empire standardized currency and infrastructure, enhancing trade, agriculture and economic activity across India through a single administrative system. It established a prosperous economy with an international trade network and public works projects.
The document provides an overview of the Indus Valley Civilization. It summarizes that the civilization flourished over 4,000 years ago along the Indus River in modern-day Pakistan and India. It had well-planned cities with advanced architecture and infrastructure. The geography of rivers, mountains, deserts influenced the rise and spread of the civilization. It engaged in extensive trade and had sophisticated social and cultural practices, though the reasons for its eventual decline are complex. The Indus Valley Civilization left a significant legacy on the development of the Indian subcontinent.
Al-Biruni and Ibn Battuta were two notable travelers to India in the 11th-14th centuries who wrote extensively about their experiences. Al-Biruni spent years studying Indian languages, texts, and culture. Ibn Battuta undertook a 29-year journey through Africa and Asia, including time spent in India under the emperor Muhammad bin Tughlaq. Bernier traveled in the late 16th century and provided critical observations about India, comparing it unfavorably to Europe and highlighting the lack of private land ownership. All three travelers provided insights into Indian society, culture, economics, and the treatment of women.
The document provides an overview of business activities in pre-British India. It discusses how business originated from barter systems during early civilizations like the Indus Valley Civilization. It describes the caste system and how the merchant class was involved in trade. It outlines the joint Hindu family business structure and key empires like the Maurya Empire that expanded trade networks. Overall, pre-British India had a strong industrial base with globally recognized handicrafts and textiles exported worldwide, until British colonial rule exploited India's resources and economy for over 200 years.
This document summarizes trade networks that developed across different regions between 500-1500 CE. It discusses the Silk Roads that connected China, India, the Middle East and Mediterranean societies, facilitating the spread of goods, cultures and diseases. It also describes the Indian Ocean trade network enabled by monsoon winds, and the key role of India. Major port cities emerged in Southeast Asia and East Africa engaged in the lucrative Indian Ocean trade. In West Africa, trans-Saharan trade routes developed using camels, connecting the Mediterranean world with West African empires involved in the gold trade. The Americas had more localized trade due to geographic barriers, but states like the Maya, Aztec and Inca developed important trade networks within their regions.
The document discusses trade routes between 500-1500 CE. It focuses on the Silk Roads between China and Europe, the Indian Ocean sea routes, and trans-Saharan land routes. Along these routes, goods like silk and spices were traded, religions spread, and diseases transmitted. Merchants accumulated wealth and cities like Srivijaya rose to prominence by controlling strategic choke points. West Africa developed larger states and cities due to trans-Saharan trade and the influence of Islam. Networks of interaction differed in the Americas, being oriented north-south and within civilizations rather than between them like in Eurasia.
Early Business Houses in India Emergence of Business Groups in Bombay & c...AASHISHSHRIVASTAV1
Early business in India emerged from trading during the Indus Valley Civilization. Between 1-16th century, India had the largest economy in the ancient and medieval world. In the 19th century, Bombay and Calcutta emerged as centers of business. In Bombay, trading communities like Gujaratis, Parsis, and Bohras established themselves in industries like cotton and opium. In Calcutta, the Marwari community originated from Murshidabad and expanded their influence, establishing industries like jute, tea, and banking. Prominent business groups like the Tatas and Birlas were founded and grew to dominance in these cities.
Indigenous banking systems and trade communities strengthened India's economy in ancient times. Agriculture, crafts, and workshops generated surpluses that bankers invested. Intermediaries facilitated trade and assumed risks. Land and sea trade routes developed, connecting India to East Africa, the Mediterranean, and East Asia. Commodities like spices, textiles, and precious goods were traded. Merchant guilds formed to support traders and regulate commerce. Overall, diverse banking, trade, and transportation networks promoted India's economic growth and cultural exchange.
Indigenous communities in ancient times engaged in agriculture, animal domestication, weaving, crafts and other cottage industries to generate surpluses. Family-based apprenticeships helped pass skills across generations. Intermediaries like agents and brokers facilitated trade and provided financial security. Merchant guilds and corporations formed to protect trader interests. Land and sea routes connected places in India and abroad, facilitating domestic and international trade of goods. Major trading communities included merchants from Punjab, Gujarat, and South India who dominated regional and inter-regional trade.
Between 1200-1500 CE, tropical Africa and Asia experienced significant social, economic, and political changes. The spread of Islam and increased Indian Ocean trade connected diverse regions and introduced new ideas, technologies, and crops. Major Islamic empires like Mali and the Delhi Sultanate rose as traders established port cities along the East African coast and Southeast Asia. However, these societies also saw rising inequality and slavery as elite urban classes benefited more from trade than ordinary people.
Eastern countries are called eastern and western countries western due to a European historical division between Christendom and cultures beyond it. However, this document challenges Eurocentric views that portrayed eastern societies as isolated and dominated by despots with three key points:
1) Indian states supported trade and capitalism, making their economies growth-permissive rather than isolated.
2) Southeast Asian kingdoms like Srivijaya engaged deeply in global trade networks for over a millennium.
3) The Tokugawa period in Japan saw significant economic growth and dynamism, not isolation, contradicting views of Japan as backward before 1868.
Topics Included:
• Difference between City, Village and Town
• Greater agricultural production
• Growth of crafts
• Increase in trade
• How did people live
• The second urbanisation
• Functions of towns
• Mathura
• Arikamedu
The document summarizes key developments in population growth and expanding networks of exchange between 1000 BCE and 1 CE. Regarding population growth, world population doubled during this period due to factors like the invention of iron tools enabling cultivation of new lands, improved crop varieties, and the use of work animals. This led to more complex societies and cities emerging. Expanding networks of exchange included routes like the Silk Road and sea lanes facilitating trade across Afroeurasia. Large empires like Rome and Han China both required and supported communication networks that allowed for increased cultural diffusion and migration across their vast territories.
The document provides information on ancient civilizations from the Bronze Age and Iron Age. It discusses the Mesopotamian, Egyptian, Chinese, and Indus Valley civilizations that arose during the Bronze Age. It notes that the Indus Valley civilization had advanced urban planning with well-designed cities, an agricultural economy, and evidence of trade. During the Iron Age, advanced civilizations developed in Greece, Rome, Persia, and India. The Greek civilization is highlighted, noting the development of democratic forms of government in city-states like Athens and Sparta, as well as Greece's contributions to art, philosophy, science, and literature.
The document provides information on ancient civilizations from the Bronze Age and Iron Age. It discusses the Mesopotamian, Egyptian, Chinese, and Indus Valley civilizations that arose during the Bronze Age. It notes that the Indus Valley civilization had advanced urban planning with cities divided into residential and citadel areas. It then discusses the Iron Age civilizations of Greece, Rome, Persia, and India, noting that Greece is considered the birthplace of Western civilization and produced influential philosophers, scientists, historians, and dramatists. The document aims to describe the major developments, contributions, and characteristics of these early civilizations.
This document provides an overview of African societies and kingdoms from 1000 BCE to 1500 CE. It discusses Africa's geographical diversity and how this shaped different cultures. The Bantu migration spread Bantu languages across eastern and southern Africa. Trans-Saharan trade introduced Islam to West Africa and stimulated urban growth. Major kingdoms like Ghana, Mali, and the Christian kingdom of Aksum in Ethiopia developed. Aksum engaged in trade on the Red Sea and was the first African society to document its history in writing. The document examines the complex relationships between Christian and Muslim populations in Africa.
The document discusses several major trade routes that connected different regions of Afro-Eurasia, including the Silk Road, Trans-Saharan routes, and Indian Ocean trade networks. It describes how these routes facilitated the spread of economic activity, religions like Buddhism, Hinduism, and Christianity, and diseases such as bubonic plague. Key commodities traded along the routes included silk, spices, tea, horses, and various agricultural and industrial goods. The routes also contributed to the transmission of ideas as merchants introduced new languages, cultural practices, and religions to places along the way.
The income statement discloses the financial performance of an entity over an accounting period. It measures the net income generated by measuring revenues earned and expenses incurred. The income statement includes elements such as income, expenses, gross profit, and net profit. It can be presented in short format showing key line items or in a detailed format as prescribed by accounting standards.
The document summarizes Ambedkar's critique of Marxism by comparing the philosophies of Buddha and Karl Marx. It notes that Buddha established communism within the Sangh (monastic order) without dictatorship, through changing people's minds and dispositions via teachings, rather than force. In contrast, the means of Communism emphasized by Marx were violence and dictatorship of the proletariat. While Communism aims for equality, it risks sacrificing fraternity and liberty, which are also needed. Ambedkar argues Buddha's approach of changing minds voluntarily may be better able to achieve equality along with fraternity and liberty.
1. The document discusses the concept of self-management according to Indian philosophy. It explains that self refers to one's total personality including character, behavior, and attitude rather than just the external appearance.
2. It describes that self-management can be achieved by improving behavioral traits like communication skills, relationships, and restoring ethics. This involves cultivating a healthy mind and body.
3. A healthy body requires discipline in nutrition, hygiene, exercise and yoga. A healthy mind is free from stress and can be achieved through preventing accumulation of complexes and observing oneself non-reactively.
1) The document discusses the history of currency in India from ancient times to modern times. It describes the evolution of currency from commodity money like gold and silver in ancient texts to early coinage systems in places like Indus Valley civilization and Mahajanapadas.
2) Paper currency was first developed in China in the form of flying money during the Tang dynasty. Later, the earliest banknotes emerged in Europe issued by the Swedish central bank in 1661.
3) In India, the rupee originated from the silver coin rupyaka and was the standard currency during Mughal rule. After British East India company took over administration, the coinage system evolved further with rupees and mohurs
History of Currency : Ancient Coinage, paper, Indian Rupee
Evolution Coins, to paper to Bank Money
Financial Inclusion
Reforms - Adhar cards,Jan Dhan Yojana, GST
Benefits of GST
Why demonetisation is needed?
Suggested by Dr. Ambedkar
Benefits - Unearthing Black Money, Revenue to Govt., Shift to Bank Money
welcomed globally.
Going Cash-Less
Lets learn and Teach Digital Cash
Indian indigeneous economics lokmanthan 2016Varadraj Bapat
This document discusses the key points of Indian indigenous economics compared to Western economic models like capitalism and communism. It provides an overview of the Indian and US economies, including GDP, inflation rates, and foreign reserves. It then contrasts Western economic thoughts like capitalism and consumerism with Bharatiya/Indian concepts. Some of the strengths of the Indian economic model highlighted include demographic dividend, family values, social capital, and sustainable thinking. Gold accumulation by Indian families is also discussed. Charts on household debt, savings rates, and historical world GDP shares are included.
History of Currency : Ancient Coinage, paper, Indian Rupee
Evolution Coins, to paper to Bank Money
Financial Inclusion
Reforms - Adhar cards,Jan Dhan Yojana, GST
Benefits of GST
Why demonetisation is needed?
Suggested by Dr. Ambedkar
Benefits - Unearthing Black Money, Revenue to Govt., Shift to Bank Money
welcomed globally.
Short-term pains
The document discusses the concept of sustainable development including its origins and implications. It begins by defining sustainability and tracing the key historical developments in conceptualizing sustainable development, from the 1972 Stockholm Conference to more recent climate agreements. It then outlines some initiatives in the sustainable development arena and ways of measuring sustainability through indicators. Finally, it discusses the relationship between development and ecology, highlighting perspectives from Hindu traditions that emphasize living in harmony with nature.
Cost Volume Profit (CVP).
Introduction
Fixed costs
Variable costs
Semi variable costs
Contribution margin
Break even point
PV Ratio
BEP ANalysis.
break even point
Cost-volume-Profit.
Introduction to cost managerial accountingVaradraj Bapat
This document provides an introduction to cost accounting concepts from an expert at the Indian Institute of Technology Mumbai. It defines key cost accounting terms like direct costs, indirect costs, fixed costs, variable costs, and period costs. It also outlines different ways to classify costs such as by element, function, variability, and relevance. The objectives of cost accounting are explained as ascertaining costs, cost control and reduction, and assisting management with decision making.
This document discusses the strengths of the Indian economy. It notes that India is experiencing a demographic dividend due to its large working age population as a result of declining fertility and mortality rates. This demographic shift reduces the dependency ratio and increases the size of the productive workforce, presenting an opportunity to stimulate economic growth. The document also provides statistics on India's GDP in nominal and PPP terms, GDP growth rates, inflation rates, public debt as a percentage of GDP, budget deficit, foreign exchange reserves and credit ratings. It thus summarizes key indicators and highlights India's demographic dividend as a major economic strength.
Introduction /Concepts of GST
Existing & Proposed Tax Structure in India
Model/Components of GST
Benefits under GST
Applicability & Rate in GST Regime
Impact of GST
GST Set off Chain & its methodology
Functioning of GST
Others Areas of GST
Key Amendments in Bill
Sector Wise Impacts
Flaws of the GST Model
Conclusion.
Education is the manifestation of the perfection already in man.”
- Swami Vivekananda
Indigenous Education.
Our goal should be making education for all free of cost.
Commercialization of Education.
Government Funding.
Corporate Funding.
Funding from Society.
Good Governance and Transparency in Education.
Education Loan.
Technology Enabled Learning (TEL).
Bridging Social Gaps.
Learning with earning.
WE want the Education by which character is formed, strength of mind is increased, the intellect is expanded, an by which one can stand on one's own feet.
corporate goverance Gobal models.
There are 4 Models.
ANGLO-US Model.
Japanese German model.
China Model.
Indian Model.
Salient ideas and thoughts on principals of governance as revealed by our ancient scriptures.
Basic values of Indian principals of governance.
India is not a story from Rags to Riches.
Strengths of India
The magic mantra of ‘Demographic Dividend’
The Integral Approach .
Domestic Consumption drives growth.
All about dr.ambedkar .
summary of thesis book of amedkar.
Ancient Indian Commerce.
National Dividend of India-A Historic and Analytical Study
"The Evolution of Provincial Finance in British India",
"The Problem of the Rupee: Its Origin and Its Solution".
Administration and Finance of the East India Company
SMALL HOLDINGS IN INDIA AND THEIR REMEDIES.
"States and Minorities"
"Buddha or Karl Marx“.
COMMERCIAL RELATIONS OF INDIA IN THE MIDDLE AGES OR
THE RISE OF ISLAM AND THE EXPANSION OF WESTERN EUROPE
world economic history.
India is not a story from Rags to Riches.
Dr. Ambedkar considered both Capitalism भांडवलशाही and Communism मार्क्सवाद as incomplete models.
Post 1990
Communism lost completly
Capitalism got converted into Consumerism.
In india, we should stop cpying failed Western models (Both Communism and Capitalism).
we need a model based on Indian ethos.
The document discusses the concept of self from the perspective of Indian philosophy. It explains that according to this view, the self has three aspects - a physical body composed of the five elements, an energy body governed by prana or life force, and a mind that processes thoughts, emotions and feelings. Developing all three aspects through practices like yoga, pranayama and meditation is important for cultivating a healthy self.
Personality development according to punchakosh 2016Varadraj Bapat
Personality development according to punchakosh
there are five types of koshas
Anamay kosh, Pranamay kosh, Manomay kosh, Vignayanmay kosh, Aanandamay kosh.
Ekatm manav darshan mulbhut chintan as in integral humanism. This is about basics principals, explained in Hindi. Concept put forth by Deen Dayal Upadhyay ji.
Rashtra, Dharma, Arth, Punch mahabhut.
ekatma manav darshan ke margadash sutra
vaykti, samaj, akatma.
sukh,taayg,sayamit jeevan.
vavyavhar,vikas.
Environment.
Golbal needs like pollution, poverty, unemployment, Self alienation.
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2. Commercial Relations Of
India In The Middle Ages
• Or The Rise Of Islam And The
Expansion Of Western Europe
• http://www.ambedkar.org/ambcd/47.Commercial%20Relation
s%20of%20India%20in%20the%20Middle%20Ages.htm
• The birth of Islam is synchronous with the
consolidation of Papal power in Rome under
Gregory the Great. It was the era of theocracies
and the east was once more spreading a wave
of religion that had almost succeeded
in Mohomedanizing the entire continent of
Europe. Not to speak of Africa and Asia and like
many big things ;
3. Commercial Relations Of
India In The Middle Ages
• Islam had hemmed Christendom on every side.
On the East as on the
South, the Crescentraised a barrier against the
advance of the Cross. But in this mighty struggle
of the Crescent and the Cross, commerce
suffered immensely. The Ottoman seizure or
obstruction of the Indian trade routes brought
disaster not alone to the Mediterranean
republics, but it sent a shock through the whole
system of European commerce.
4. Commercial Relations Of
India In The Middle Ages
• From very early times, Germany and the
north Italian upland were dependent on the
Republic (Venice) for the products of the
east. The Indian trade formed an important
contributory to this Hanseatic commerce.
When the eastern traffic began to dry up, its
European emporiums declined. In this
blockade of old trade routes lies
the expansion of Western Europe and later
discovery of America.
5. ANCIENT INDIAN COMMERCE
• http://www.ambedkar.org/ambcd/46.%20A
ncient%20Indian%20Commerce.htm
• In Europe, whatever light or civilization
there was, was confined to the Eastern
basin of the Mediterranean [being
constantly fed by the Orient] barring which
the entire continent of Europe was in
barbarism till very late
6. • The civilization of India is one of the oldest
but like all of them has come to a dead
stop : but it has lived to revive and we may
hope never to die again.
• All these factors have from time
immemorial combined to bestow upon her
the economic self-sufficiency which has
been the privilege of a few nations on the
face of this planet today.
7. • The India of antiquity within the span of
time in which he held the undisputed
possession of the country accomplished
much more than could be expected of
primitive. We have scanty records of his
deeds but what little we have and as will
be seen from the following narrative,
speaks volumes.
8. • Of the multifarious achievements of the
ancient Indians, important as they are, we
are not concerned. We have to center our
attend on their economic activity alone.
9. • 1. Agricultural Organisation:
• Very early we find the ancient Hindoos
living a village life : Agriculture is known
as the highest occupation and the Indian
proverb puts the merchantman second to
the farmer and the soldier occupies the
last place in social gradation.
10. • Independent landholder was regarded
respectfully but work on the farm of a
capitalist was greatly disapproved. There
is no evidence to definite say whether or
not there was feudalism in village
community.
• There was a great deal of co-operation
among villagers for building and repairing
roads and tanks and municipal buildings
11. • The Hindoo devotion to the Cow has been
an enigma to most of the foreigners and
above all has been an efficient lore in the
hands of those half-baked theological
failures who go to India to conduct their
missionary propaganda for
blackmailing the Hindoo.
12. • The cow and for that matter all draft
animals, is the soul of the farmers. The
cow gives birth to oxen which are
absolutely necessary to the cultivation of
the farm. If we kill the cow for meat, we
jeopardize our agricultural prosperity. With
full foresight, the ancient Hindoos tabooed
cow-flesh and thus prevented cow killing.
13. • II. Organisation of Labour, Industry and
Commerce:
• Be it said to the credit of the Hindoos
that slavery paid a very little role in their
economic life. Capture, judicial
punishment, voluntary self-degradation
and debt were the four principal causes by
which individuals become slaves.
14. • But there is considerable evidence to
show that kindly treatment was the rule
and manumission was always possible.
• From among the industrial classes the
following are mentioned :—
• (a) The vaddhaki is an embodiment of a
carpenter, ship-builder, cart-maker and an
architect.
15. • (b) The Kammara is a generic term for a
metal craftsman producing "iron
implement, from a ploughshare or an axe
or for that matter, an iron house, down to a
razor, or the finest of needles, capable of
floating in water, or again, statues of gold
or silver work."
16. • (c) The Pasanakottaka is a generic term
for a mason " not only quarrying and
shaping stones. .. .. but as capable of
hallowing a cavity in a crystal, a matter
probably of requiring superior tools."
17. • " A considerable degree of Organisation
characterized all the trading industries.
Certain trades were localised in special
villages, either suburban and ancillary to
the large cities, or themselves forming
centres of traffic with surrounding villages
18. • e. g. the wood-work and metal work
industries and pottery............ within the
cities trades appear to have been localized
in special streets e. g. those of ivory
workers and of dyers."
19. • The trades were well regulated and were
superintended by one or two headmen
who were the chiefs or syndics of
municipal and industrial Organisation of
the cities.
• There were numerous guilds
(Seniyo) under the headship of a
President (Pramukha) or elder or older
man (Jethaka).
20. • Carpenters, smiths, leather workers,
painters, and experts in various arts had
their grids. Even the sea-men garland-
makers and caravan traders.
• There was a tendency towards
hereditary occupation. But the caste
system in all its hideous rigorousness
was not present and even Brahmins were
often occupied in low professions.
21. • The industrial centres were connected by
good roads which greatly facilitated traffic.
The Ramayana refers to a road starting
out from Ayodhya the capital of
King Dasharatha, to Rajagriha the capital
of Kekayas in the vicinity of the Himalaya
mountains situated on the River Bias
passed through Hastinapur the capital of
the Kurus.
22. We glean from this source that a road ran
from Penkelaotis (Pushkalavati) near the
modern Attock passed on
through Takshila to Patalipura (Pata)after
crossing the river Bias.
23. Another road joined Pushkalavathi
and Indra-prastha (Delhi) and after
connecting Ujjayini (Ujain) descended down
theVindhya range, went into
the Deckan through Pratisthana after
crossing the Nerbuda and the Tapty. There
were the internal highways of traffic and it
was carried on by Uday of the Caravans.
24. • Early in India the external and internal
commerce had assumed such importance
that we find mention in Buddha Jataka a
league of caravan leaders.
25. • Trade in early India was not entirely
individualistic. There is enough evidence
to show the corporate commercial activity
and partnership in Trade were occasional,
if not general.
26. • the use of money in India was early known
for the whole of the Buddhist literature
testifies to the fact that the ancient
systems of simple barter as well as of
reckoning value of cows, or rice measures
had for the most part been replaced by the
use of metal currency, carrying well
understood and generally accepted
exchange value .
27. • Currency counted of coins but was not
regulated by Royal authority. There was
gold coinage for the most part and all
marketable commodities and services had
a value expressible in terms of cash.
• there was no taboo on loaning of money
28. • Along this thoroughfare Indian traders and
priests carried the elements of Indian
civilization to the easternmost Sundaisles;
and oriental wares, sciences and religions
moved westward to the margin of Europe
and Africa.
29. • The Indian ocean produced a civilization of
its own, with which it coloured a vast semi-
circle of land reaching from Java to
Abyssinia, and more faintly, owing to the
wider divergence of race, the further
stretch from Abyssinia to Mozambique
30. • The Hindus became the dominant
commercial nation of the Indian ocean
long before the great development of
Arabian sea power, and later shared the
trade of the East African coast with the
merchants of Oman and Yemen. Today
they form a considerable mercantile class
in the ports of Mascat, Aden,
Zanzibar, Pemba and Natal.
31. • From the very earliest ages the refined
civilization of Egypt and Syria sought with
avidity the spices, the aromatics, the
metals, the precious and scented woods,
the gems, the ivory in a kind, all the
valuable merchandise which the rich soil
of India supplied in abundance.
32. • The trade between India and Judea does
not date with Soloman: it enjoys
considerable antiquity; mentions
of Qphir are to be found long before the
time of Soloman in the I Chronicles XXIX,
4, I kings XXII 48, and in Isaiah, XIII 12.
33. • These Biblical evidences may be
supplemented by linguistic evidences,
such as the Hebrew word tuki which is but
a little changed form of the poetical
word Tokei i. e. the Tamil-
malayalam language for peacock or the
Hebrew word Ahalim or Aholoth—* aloes.
*—a corruption of the Tamil-malayalam
word, Aghil.[f34]
34. • The Periplus mentions the following as
articles of export :
• (1) Spikenard, (2) Cortus,(3)Bdellium, (4)
Ivory, (5)Qugate, (6) Lycircm,(7) Cotton
cloth of all kinds, (8) Silk cloth, (9) Mallow-
cloth, (10) Yarn, (II) Long pepper, (12)
Diamonds, (13) Sapphiris, (14) Tortoise
shell, (15)Transperent stones of all kinds,
(16) Pearls, (17) Malabathrum (18)
Incense, (19) Indigo.
35. • Certain of the Tamil poets have beautifully
described some of the commercial ports
and towns in southern India. One of them
says, " The thriving town of Muchiri, where
the beautiful large ships of
the Yavans,bringing gold, the gold
received from ships, in exchange for
articles sold, is brought to shore in barges
at Muchiri,
36. WHO WERE THE SHUDRAS ?
• The Shudras were one of the Aryan
communities of the Solar race.
• The Shudras did not form a
separate Varna. They ranked as part
of the Kshatriya Varna in the Indo-
Aryan society.
• http://www.ambedkar.org/ambcd/38A.%20Who%20
were%20the%20Shudras%20Preface.htm
37. Economics that hurt the moral
well-being of an individual or a
nation are immoral and therefore
sinful.
MM-263
That economics is untrue which
ignores or disregards moral
values.
XXV-475
1940s
38. Our object in framing the
Constitution is rally two-fold: (1) To
lay down the form of political
democracy, and (2) To lay down that
our ideal is economic democracy
and also to prescribe that every
Government whatever is in power
shall strive to bring about economic
democracy. The directive principles
have a great value, for they lay
down that our ideal is economic
democracy. 1950s
39. Deendayal Upadhyay “I visualize for
India a decentralized polity and self-reliant
economy with the village as the base. We
cannot rely upon superficial Western
concepts like individualism, socialism,
communism, capitalism and need to be
rooted in the timeless traditions of our
ancient culture. He was of the view that
the Indian intellect was getting suffocated
by Western theories and ideologies and
consequently there was a big roadblock
on the growth and expansion of original
Bharatiya thought. (1960s)
40. According to Upadhyaya, the primary concern
in India must be to develop an indigenous
economic model that puts the human being at
center stage.
It is opposed to both western capitalist
individualism and Marxist socialism, though
welcoming to western science. It seeks a
middle ground between capitalism and
socialism, evaluating both systems on their
respective merits, while being critical of their
excesses.
41. Humankind, according to Upadhyaya, had four
hierarchically organized attributes of body, mind,
intellect and soul which corresponded to four
universal objectives, kama (desire or
satisfaction), artha (wealth), dharma (moral
duties) and moksha (total liberation or 'salvation').
While none could be ignored, dharma is the
'basic', and moksha the 'ultimate' objective of
humankind and society. He claimed that the
problem with both capitalist and socialist
ideologies is that they only consider the needs of
body and mind, and were hence based on the
materialist objectives of desire and wealth
42. • Maharishi Aurobindo said:
“India shall arise upon the ruins
of the west” He said by the
year 2011 the western
countries will fall and India will
rise.