Markets, Merchants, and the State in Early Medieval Western India

Abstract

The paper seeks to look into the role played by the rulers and the merchant class in the emergence of exchange centers (or market centers) in Western India, particularly Rajasthan and Gujarat, during the early medieval period. The paper tries to examine the combined efforts made by both the ruling class and private individuals in the agrarian expansion, which in turn encouraged exchange (trade and commerce) and ultimately paved way for the rise of different exchange centers in different parts of Western India. The focus is on the rising agricultural productivity, commercial transactions, and initiatives by rulers and merchants, which together provided suitable climate for the emergence of exchange centers. Rulers being aware of the revenue-generating potential of commerce themselves encouraged trade by establishing markets. Not only rulers but the merchants too helped in the growth of trade and commerce during the period of study.