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Gujarat In Asian And Euro–Asian Trade: The Dutch East India Company

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Chapter Summary

In many ways, Gujarats economic dynamism in the early modern period was closely linked with the intra-Asian and EuroAsian exchange networks in which the European Companies, especially the Dutch East India Company (VOC), played a major role. The subcontinents centrality in EuroAsian trade was due to its ability to produce a variety of textiles for European markets on a large scale. In the early eighteenth century, a combination of factors made it difficult for the VOC to retain its dominant position in the commerce of the Indian subcontinent. The data on Dutch imports and sales at Surat in the eighteenth century show a rather complex trajectory. Fine spices were by far the most profitable items of trade in Europe as well as in Asia. The changing volume and value of Dutch trade had some implications for output, income and employment in the economy of Gujarat.

Keywords: Dutch East India Company (VOC); Dutch trade; EuroAsian trade; European markets; fine spices; Gujarat; Surat



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