Gold and silver after circulating over every part of the world finally buried in India , which is sink of gold and silver . In the context of the statement of Bernier, explainIndia's foreign trade.

Gold and silver after circulating over every part of the world finally

1.	Gold and silver after circulating over every part of the world finally buried in India , which is sink of gold and silver . In the context of the statement of Bernier, explainIndia's foreign trade.
Answer» Solution :(i) From ancient times India had TRADE relations, carried on brisk trade in sugar, textiles with many countries of SOUTH Eastand West Asia. (ii)The discovery of new trade route, the new worldand coming of Europeantraders. The Portuguess followedby Dutch, English and theFrench. (iii)The most important items were textiles, indigo,spices, SALTPETRE and Sugar. (iv)The articles that India needed to import were certain metals - tinand copper, spices food and medicinalpurposes, warhorses and luxury items. (v)The favourable balance of trade resulted in import of gold and silver . (vi)The Indian merchants became lesserpartnersof foreign traders. (VII)Thegrowth of foreign trade , influx of gold and silver and linking of Indian economy withthe repidly expanding European MARKETS. (viii)It led to expansion of Indian economy the consequences of which among other factors finally led to thecolonisationof India by the British.