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Economics in Ancient India

The book of Artha Saastra written by Chanakya, also known as Koutileeyam, which is the book of ancient Indian Economics. There are many books mentioned in Artha Saastra like books of Saastras and Smruthies dealing with subjects like money, budget, banking, interest, loans, compound interest, penal interest, surety, witness, documents for loans, pledging of materials, leasing etc. The detailed method of implementing sales tax, agricultural tax, property tax, gift tax, land tax, house tax, customs duty, and penal taxes etc as described in Dharma Saastra.

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