Indo

Commercial relations between India and Iran have existed since antiquity, but they particularly flourished from the latter part of the sixteenth century to the earlier part of the eighteenth century. Partly, this could be due to greater degree of security on the land routes established under the two contiguous empires, the Mughal and the Safavid. Partly also, it owed much to the changing pattern of Eurasian commerce: Iran obtained increasing amount of silver from Europe in return for its silk, and with this augmented supply of silver, Iran could buy more Indian goods, especially textiles. Much too was owed to the enterprise of merchants, the Armenians of New Julfa and the large members of Indian merchants (Multanis and Gujaratis) who, practically settled in Iran, engaged in both commerce and usury.