Economy
- The economic activities of this period were quite diversified.
- Agriculture, pastoralism, craft production and trade contributed to the economic development.
Agriculture
- Agricultural activities increased during the Late Vedic period.
- The Satapatha Brahmana mentions rituals related to ploughing undertaken by the kings.
- This suggests the importance given to cultivation by the rulers, and the shift to agriculture to support the increasing population.
- The god Balarama is depicted with a plough, which suggests the importance of cultivation.
- The Vedic people cultivated barley and rice, and wheat.
- Wheat was the staple food of Punjab region.
- The Vedic people began to use rice in the GangaYamuna doab.
- The use of rice, rather than wheat, is noticed in the Vedic rituals.
Pastoralism
- Pastoralism continued to be important.
- Cattle were considered sacred.
- They became part of exchange and redistribution.
- The offering of cattle as part of dakshina continued.
- Pastoralism supplemented agriculture.
Craft Production
- Arts and crafts proliferated during the Later Vedic age and craft specialization took deep roots, when compared to early Vedic period, since more occupational groups are mentioned in this period.
- Evidence of iron work is noticed from about 1200 BCE.
- Metals such as copper, tin, gold, bronze and lead are mentioned.
- These metals were smelted and worked by specialized groups.
- The copper objects were used for making weapons for war and hunting.
- Weaving was undertaken by women.
- Leatherwork, pottery and carpentry were well known.
- Terms such as kulala referring to potters and urna sutra referring to wool appear.
- Bow makers, rope makers, arrow makers, hide dressers, stone breakers, physicians, goldsmiths and astrologers are some of the specialized professional groups mentioned in the texts.
- Professions such as physicians, washerman, hunters, boatman, astrologer and cook are mentioned.
- References to the elephant are often found in the Atharva Veda, along with the elephant keeper.
- The increase in references to such groups indicates a society in transformation.
- The performers of Vedic sacrifices were also a type of service providers.
- The priest played an important role in legitimizing the role of king through various rituals.
- Wealth was measured in terms of cattle and animals.
- There is a mention of offerings of 20 camels, 100 gold necklaces, 300 horses and 10,000 cows as dakshina.
Trade and Exchange
- Trade and exchange had developed in the Later Vedic age.
- The material culture found in the archaeological sites reveals the movement of commodities and materials.
- Specialised caravan traders existed.
- No evidence of coins has been found and therefore barter must have been the medium of exchange.
- The introduction of coins took place after about 600 BCE.