Explanation
On account of being self-sufficient in handicrafts and agricultural products, India did not import foreign goods on a large scale. On the other hand, its industrial and agricultural products were in good demand in foreign markets. Hence, its exports were more than its imports; trade was balanced by import of silver and gold. India was known as a sink of precious metals.
Items imported from various regions included gold, musk, and woollen cloth from Tibet, as well as woollen cloth, copper, iron, lead, and paper from Europe.
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