How India Dominated World Trade: Sanjeev Sanyal's Full Speech At Nationalist Collective

How India Dominated World Trade: Sanjeev Sanyal's Full Speech At Nationalist Collective

Sanjeev Sanyal, a celebrated Indian economist and popular historian delivered a moving speech during the third edition of the Nationalist Collective 2025, at the Republic Media Network headquarters. He emphasized role of temples as important financial institutions in ancient India, supporting large-scale trade and maritime activity, drawing example from the system during the Chola Empire. India’s trade dominance a thousand years ago was built on both maritime capabilities and a strong banking system operated through temples, Sanjeev Sanyal mentioned in his riveting sermon. Sanjeev Sanyal said, “The reason temples had so much money was because they functioned as banks and venture capitalists.”

In his address Sanyal described how these guilds, financed by temple treasuries, were central to trade between three major economic hubs of the time—the Fatimid Empire in Egypt, the Chola Empire in southern India, and China’s Song dynasty.


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