Title: The relevance of ancient Indian business for developing economies

Authors: Deeksha Ahuja; Pankaj Madan

Addresses: Faculty of Management Studies, Gurukula Kangri Vishwavidyalaya, Uttarakhand, India ' Faculty of Management Studies, Gurukula Kangri Vishwavidyalaya, Uttarakhand, India

Abstract: The roots of Indian business are from the era when India was called the 'Golden Bird'. This study on ancient Indian business systems is very relevant for developing economies. In this paper, trade and commerce, foreign trade, mode of exchange, and mode of transportation of ancient India have been studied to investigate the reasons behind the golden bird economy of India at that time. The result of the study states that if any of the developing economy provides credits, grants, and better transport mode to the traders for doing trade with other countries then surely they will increase trade balance that helps the country to implement the planned reforms further related to increased trade.

Keywords: ancient Indian business; golden bird; economic development; developing economy; developed economy; trade and commerce; foreign trade; mode of transportation; mode of exchange; India.

DOI: 10.1504/IJICBM.2021.118881

International Journal of Indian Culture and Business Management, 2021 Vol.24 No.2, pp.247 - 259

Received: 14 Apr 2020
Accepted: 31 Aug 2020

Published online: 08 Nov 2021 *

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