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Empire. Trade. Religion. Three crucial forces that have been almost equally responsible for shaping human civilization so far. Yet, the politics of empire has dominated history and popular discussion. Irrespective of the political upheavals, however, India has always been an open market-welcoming traders from far-off lands, promising them a fair bargain. Indian entrepreneurs since ages had developed their own sophisticated institutions and wide community-based networks. This open, liberal and robust 'bazaar economy' thrived unhindered till the advent of European trading companies, who brought with them the notions of monopoly and state controls. Business in India blossomed in tune with liber...