The Economy of the Marathas Part I: Shivaji and the Rise of Chauth
While much has been discussed about the decline of the Marathas in such a short span of time, one has rarely focused on the economic picture of the time as a major attribution of the weakening of the Marathas. In this multi-part series, I shall explore the economic scenario of India in general and the Marathas in particular to argue that the Maratha state was founded on a weak financial footing from the beginning, and never allowed Marathas to be strong enough to assert their control. At the time of the rise of the Maratha power under Shivaji, historians have noted a not so favorable economic condition of the rural areas of Deccan. Fukazawa (1987) notes the decay of agriculture as the key to the rise of the Marathas, a direct result of a combination of factors like the incessant fighting between Mughal, Qutbshahi and Adilshahi kingdoms. One has to remember as Srinivasan (1944) notes that the Marathas had been since the times of the Rashtrakutas and all the way to the Qu...