Question

How did indian bankers participate in the growing global markets in the 19 century?

Answer 1

The Shikaripuri Shroffs and Nattukottai Chettiars were the Indian bankers who financed export agriculture in Central and South East Asia. They either used their own funds or those borrowed from European Banks.They transferred money over long distances in sophisticated manner and even developed indigenous forms of corporate organisation to deal with finance. In this way, ​Indian bankers participate in the growing global markets in the 19 century.