Today the share of India in global world is only 2%. In history it was 20% of world trade. If you had stood at the famous port of Muziris in Kerala 2000 years ago, you would see a ship arriving laden with gold. Trading by ships in ancient India Every day a ship from the Roman empire landed in a south Indian port whee it piked up fine Indian cottons, spices and luxuries. But Indians did not care for what the Romans brought, since accounts had to be settled with gold and silver. Back home Roman senators grumbled that their women used too many Indian luxuries, spices, cottons and two thirds of Rome's bullion was being lost to India. Fifteen hundred years later, the Portuguese had the same problem complaint: their gold and silver from South America was being drained in the trade with India. The British parliament echoed this refrain in the 17th century. British Parliament Indian textiles and spices changed culinary tastes and clothing habits around the world. Europ...
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