Origin and Development of Guilds in Early Medieval India.-A Review of Literary Sources.

Guild, the industrial and mercantile organization of ancient India took a predominant role in and through the long periods of the Indian history and restored the socio-economic progress during the ages. The article attempts to draw out a brief picture of its source, origin, periodical developments and finally its decaying condition in India with several reasons. It is, nevertheless to say that the concept of global economy of the 21th century upholds the similar role and impact in its modernized colour in and through the developing nations like India. Aspiration and achievements fall short its balance of progress in the socio-economic fields undoubtedly.