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Friday, January 8, 2010

Roman trade with India


Roman trade with India started around 1 AD following the reign of Augustus and his conquest of Egypt, theretofore India's biggest trade partner in the West.
The trade started by Eudoxus of Cyzicus in 130 BC kept increasing, and according to Strabo (II.5.12.[32]), by the time of Augustus up to 120 ships were setting sail every year from Myos Hormos to India. So much gold was used for this trade, and apparently recycled by the Kushans for their own coinage, that Pliny (NH VI.101) complained about the drain of specie to India:
"India, China and the Arabian peninsula take one hundred million sesterces from our empire per annum at a conservative estimate: that is what our luxuries and women cost us. For what percentage of these imports is intended for sacrifices to the gods or the spirits of the dead?"

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