Economic Condition during Mughal Period

Economic Condition during Mughal Period

Economic Condition during Mughal Period

India was quite prosperous during the regime of Shahjahan. Its foundation was laid by Akbar. He not only provided security and stability to the Mughal Empire but also made it so prosperous that his successors enjoyed heyday. As the wealth was mostly confined with the emperors, the nobles, traders and industrialists, so they enjoyed the pleasures of wealth. However, the common masses also were not deprived of the comforts, as all the commodities of daily use were available in profusion and at a very cheap rate, but with the accession of Aurangzeb the situation began to change. The revolts and wars which took place during his reign drained away the economic resources of the empire. Moreover, the weak rulers and inefficient emperors also helped in shattering the economic structure of the empire. During the reign of inefficient later Mughals the economic structure of the empire deteriorated to such an extent that the common masses failed to fulfill their basic demands. But as the early Mughal rulers were benefactors of the people they established various industries which not only provided employment to the common people but also fetched a lot of income which made the country prosperous.

Besides the emperor, the rich traders, mansabdars and high officials had a lot of wealth with them. The condition of the scholars, artists and craftsmen was also satisfactory but the labors pertaining to industry or agriculture were leading a deplorable life. Peasants were the greatest sufferers during this period. They were forced to pay various taxes by the Emperor and exploited by the revenue officers. Thus, the economic structure of Indian society during the Mughal period was feudal and people were divided into upper and lower classes. The upper class enjoyed all the pleasures of life whereas the lower class suffered a lot.

Milan Tomic

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