Economy under Satavahana Dynasty

Economy of Satavahanas :

The Satavahanas dynasty was a prosperous and economically advanced kingdom. The economy was based on agriculture, with a focus on crops such as rice, wheat, and sugarcane. The kingdom also had a thriving trade industry, with merchants and traders bringing goods from all over the region to the capital city of Pithapuram. The Satavahanas were known for their advanced system of roads and transportation, which facilitated trade and commerce. The Satavahanas dynasty also had a well-developed system of currency, with coins made of gold, silver, and copper. The kingdom also had a system of weights and measures, which allowed for the standardization of trade and commerce.

Key Points :

Agriculture and Land Revenue was the primary source of Income and it was called Rajabhaga

Satavahanas levied 1/6th of the total produce as tax

Sreni refers to the Guild, who controlled the trade. Rate of interest on deposits with guilds was at 12%

In addition to agriculture and trade, the Satavahanas dynasty had a thriving craft industry, with skilled artisans producing a range of goods such as textiles, jewellery, and ceramics. The kingdom was also home to a number of large manufacturing enterprises, which produced goods such as iron tools, weapons, and Armor.

Tax System:

• Major source of Income was on agriculture and levied 1/6th of tax on produce as rajabhaga.
• Satavahanas collected taxes on roads and occupations as well. kurukara was the tax on artisans
• Rajjagahaka was the name of official who collects the tax.

Overall, the economy of the Satavahanas dynasty was diverse and dynamic, with a strong focus on agriculture, trade, and industry. This helped to make the kingdom one of the most prosperous and advanced in ancient India.