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The economy in South Asia during the Mughal era increased in productivity compared to medieval times. [3] Mughal India's economy has been described as a form of proto-industrialization, an inspiration for the 18th-century putting-out system of Western Europe prior to the Industrial Revolution. [4] It was described as large and prosperous. [3]
The Mughal Empire had strong leaders, however, very different in approach and strategy. Akbar was known for his tolerance towards unorthodox Muslims and Hindus. The Akbarnama, a book written by Abu’l Fazl on the life and rule of Akbar, gives a lot of evidence on how Hinduism was viewed and explained by the Muslims.
The Mughal empire has developed relationships with Europeans such as British, Portuguese, Russia, and France. Mughal relations with the British in the 16th century are quite difficult, as local Mughal officials usually exploited the East India Company, who responded the Mughals harmful policies towards the British interest with harassing the Mughal vessels at the sea. [8]
The Mughal Empire was an early modern empire in South Asia. At its peak, the empire stretched from the outer fringes of the Indus River Basin in the west, northern Afghanistan in the northwest, and Kashmir in the north, to the highlands of present-day Assam and Bangladesh in the east, and the uplands of the Deccan Plateau in South India.
Jeffrey G. Williamson states that the Indian economy went through deindustrialization in the latter half of the 18th century as an indirect outcome of the collapse of the Mughal Empire, with British rule later causing further deindustrialization which led to a decline in agricultural productivity, which drove up food prices, nominal wages, and ...
The economy of the Mughal Empire is well known for building the Mughal Road system, establishing the Rupee as a standardised currency, and the unification of the country. [6] Prior to deindustrialisation, India was one of the largest economies in the world, accounting for approximately one quarter of the global economy.
Aurangzeb's reign is characterized by a period of rapid military expansion, with several dynasties and states being overthrown by the Mughals. The Mughals also surpassed Qing China as the world's largest economy and biggest manufacturing power. The Mughal military gradually improved and became one of the strongest armies in the world.
During the Muslim rule in India, realms such as the Delhi Sultanate, Bengal Sultanate, Mughal Empire, Nizam of Hyderabad and the Kingdom of Mysore made significant contributions to the South Asian economy. In the 17th century Mughal India became the world's largest economy, [26] [27] [28] becoming the leading textile manufacturing power in the ...