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Q.Read the given source carefully and answer the questions that follow : (1+1+2=4) How Silver Came to India This excerpt from Giovanni Careri's account (based on Bernier's account) gives an idea of the enormous amount of wealth that found its way into the Mughal Empire : That the Reader may form some idea of the Wealth of this (Mughal) Empire, he is to observe that all the Gold and Silver, which circulates throughout the World at last Centres here. It is well known that as much of it comes out of America, after running through several Kingdoms of Europe, goes partly into Turky (Turkey), for several sorts of Commodities; and part into Persia, by the way of Smirna for Silk. Now the Turks not being able to abstain from Coffee, which comes from Hyeman (Oman), and Arabia ... nor Persia, Arabia, and the Turks themselves to go without the commodities of India, send vast quantities of Mony (money) to Moka (Mocha) on the Red Sea, near Babel Mandel; to Bassora (Basra) at the bottom of the Persian Gulgh (Gulf); ... which is afterwards sent over in Ships to Indostan (Hindustan). Besides the Indian, Dutch, English, and Portuguese Ships, that every Year carry the Commodities of Indostan to Pegu, Tanasserri (parts of Myanmar), Siam (Thailand), Ceylon (Sri Lanka) ... the Maldive Islands, Mozambique and other Places, must of necessity convey much Gold and Silver thither, from those Countries. All that the Dutch fetch from the Mines in Japan, sooner or later, goes to Indostan; and the goods carry'd hence into Europe, whether to France, England, or Portugal, are all purchas'd for ready Mony, which remains there. (32.1) How did silver and gold from America reach India ?

(1) (32.2) How did ships contribute to the flow of silver and gold to India ?
(1) (32.3) How did India benefit from global trade networks in the 17th century ? (2)
CBSECBSE Class XII Board 2026Subjective· 4mImportance★★★★★
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The Mughal Empire became a global hub for gold and silver in the 17th century, drawing in wealth from America, Europe, and Asia due to high demand for Indian commodities.

The provided excerpt from Giovanni Careri's account, based on Bernier, offers a vivid picture of the Mughal Empire's economic standing in the 17th century, particularly its role as a major recipient of global wealth. It highlights how India's robust production of desirable commodities created a trade imbalance that led to a continuous influx of precious metals, effectively making it a "centre" where much of the world's gold and silver eventually accumulated. This perspective underscores the interconnectedness of global trade networks during this period and India's significant position within them.

(32.1) How did silver and gold from America reach India?

Silver and gold from America followed a multi-stage journey to reach India, as described in the account:

  • Circulation through Europe: The precious metals first circulated through various kingdoms in Europe after being extracted from American mines.
  • Diversion to Turkey and Persia: From Europe, a portion of this wealth went to Turkey to purchase various commodities, and another part went to Persia via Smirna for silk.
  • Demand for Indian Goods: Turkey, Persia, and Arabia, in turn, had a strong demand for Indian commodities (and Turkey also for coffee from Oman and Arabia). To satisfy this demand, they sent vast quantities of money (gold and silver) to key trading ports like Mocha on the Red Sea and Basra at the bottom of the Persian Gulf.
  • Shipment to India: This money was then subsequently sent over in ships to Hindustan, completing the long journey from America to India.

(32.2) How did ships contribute to the flow of silver and gold to India?

Ships were indispensable conduits for the flow of silver and gold into India, acting as the primary means of transport across vast distances:

  • Carrying Indian Commodities Abroad: Indian, Dutch, English, and Portuguese ships regularly carried commodities from Hindustan to various destinations across Asia and Africa, including Pegu, Tanasserri, Siam, Ceylon, the Maldive Islands, and Mozambique.
  • Bringing Precious Metals Back: In exchange for these Indian goods, these ships "must of necessity convey much Gold and Silver thither, from those Countries" back to India. This indicates that the balance of trade was heavily in India's favour, requiring payment in precious metals.
  • European Purchases: Furthermore, European ships (from France, England, or Portugal) purchased Indian goods for "ready Mony," which then remained in India, directly contributing to the accumulation of wealth.
  • Japanese Silver via Dutch: The Dutch also played a specific role, bringing silver fetched from mines in Japan, which "sooner or later, goes to Indostan," highlighting another maritime route for precious metals.

(32.3) How did India benefit from global trade networks in the 17th century?

India benefited immensely from global trade networks in the 17th century primarily through the massive and continuous inflow of gold and silver, leading to significant wealth accumulation within the Mughal Empire. This benefit stemmed from several factors: …

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