For instance, the country already knew of foreign investment in education (a much-debated topic today) - Nalanda University may have been founded by the Gupta dynasty, but its subsequent growth was partly funded by the Srivijaya kings of Sumatra. Other present-day parallels – and contrasts – are also noted. Clearly, the Indian love of gold, silver and imported alcohol is not new, Mr Sanyal points out. The resulting constant one-way flow of gold and silver coins at one stage even forced Roman Emperor Vespasian to discourage the import of Indian luxury goods and ban the export of gold to India. Ships sailing from West Asia to India brought Italian and Arabian wine to modern-day Bharuch, and India even ran a large trade surplus with the Graeco-Roman world. Titan Company 2701.65 ↓ -20.20 (-0.74%)īy the first century AD, there was a flourishing maritime trade between India and the kingdoms to the west, as well as with Southeast Asian kingdoms.
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