Economic Condition of India in Ancient Period: An Empirical Study

Early mediaeval kingdoms such as the Cholas, Pandyas, Cheras, Guptas, Western Gangas, Harsha, Palas, Rashtrakutas, and Hoysalas succeeded the Mauryan Empire. For the majority of the first to eighteenth centuries, the Indian subcontinent had the biggest economy of any area in the globe. Objective: The aim of the study is to explore the economic position of Bharat in ancient time. Methods: The various materials gathered from the various sources have been examined, validated, and methodically arranged under the relevant headings in order to hold the necessary presentation and conclusion. Result and Discussion: All of the major industries, including mining, metallurgy, textiles, and arts and crafts, prospered in India from the year 1 CE to the 1700 CE. They increased commerce to the point that India now accounted for almost one-fourth of global GDP (gross domestic product). India's economic history was really remarkable. Finding: India was not richer under Muslim rule and British rule than it had been under Hindu kings. Conclusion: India must take more initiative to increase its level of global competitiveness if it is to realise its full potential.