The Mughal Empire, spanning the Indian subcontinent from the 16th to the 19th centuries, is renowned for its grandeur, cultural flourishing, and intricate administrative systems. At the heart of the Mughal administrative machinery lay a well-organized revenue system that played a pivotal role in sustaining the empire's economic stability and prosperity.  

1. Land Revenue System:

At the core of the Mughal revenue administration was the land revenue system, known as the zabt system.This system was introduced by Sher Shah Suri and perfected by Akbar. Under the zabt system, the revenue was fixed based on the quality of the soil and the crops grown. Akbar's revenue reforms, exemplified by the creation of the "Todar Mal Bandobast," standardized revenue assessment and collection, ensuring a fair and efficient system.

2. Basis of Assessment:

The assessment of land revenue was primarily based on a detailed survey and measurement of agricultural land. The empire employed skilled surveyors, known as "mustawfis," who meticulously measured land, recorded crop patterns, and assessed the productivity of the soil. This data served as the foundation for determining the revenue to be paid by the cultivators.

3. Revenue Collection and Suba System:

The Mughal Empire was divided into administrative units known as "subas," each governed by a subedar. The revenue administration was decentralized, with the subedar responsible for the assessment and collection of revenue within their jurisdiction. The revenue was collected by officials known as "amils" who were accountable for ensuring the proper assessment and timely collection of revenue.

4. The Bureaucratic Machinery:

The revenue administration was supported by a well-organized bureaucracy. The diwan, or finance minister, played a crucial role in overseeing revenue matters. The "karkuns" or clerks maintained detailed revenue records, and the "darogha-i-diwani" supervised revenue collection. The revenue officials were often well-versed in accounting and administration.

5. Revenue Sharing with Zamindars:

In certain regions, the Mughals adopted a system of revenue-sharing with local intermediaries known as zamindars. The zamindars were entrusted with the collection of revenue from peasants in exchange for a portion of the collected revenue. This system aimed to decentralize administration and foster cooperation with local power structures.

The Mughal revenue administration, through meticulous land surveys, standardized revenue assessments, and a well-organized bureaucratic structure, created a revenue system that sustained the empire for centuries.

Economy of the Mughal Empire: 

The Mughal Empire, spanning the 16th to the 18th centuries, witnessed a flourishing economy intricately woven with agriculture, trade, and a complex social structure. With its territorial zenith reached by the end of the 17th century, the empire grappled with political and administrative challenges. 

Economic and Social Conditions

The Mughal social structure resembled a pyramid, with the emperor and nobility at its zenith, followed by a small middle class and the vast, densely concentrated poor class. The society's organization mirrored feudal structures, with the king holding immense power, presiding over a court teeming with wealth and influence.

Throughout the Mughal era, society remained divided into three primary classes: the wealthy, the middle class, and the poor. The rich enjoyed opulence and abundant resources, contrasting sharply with the impoverished, who constituted the largest segment of society. The middle class, a relatively recent development, played a crucial role in the dynamics of Mughal India.

Standard of Living: 

European traders and travelers visiting India during this period left vivid accounts of the country's economic conditions. These accounts often emphasized the stark contrast between the ostentatious lifestyle of the ruling classes and the grinding poverty endured by peasants, artisans, and laborers. Income and wages determined the standard of living, with peasants, despite their difficult lives, managing to meet basic needs through agricultural productivity.

Village life exhibited a highly unequal social structure, with dominant castes exploiting weaker sections. Peasants, crucial to the agrarian economy, maintained stability through land ownership, paying land taxes to prevent eviction. The landless and some artisans faced harsher conditions. However, resident cultivators and zamindars, possessing larger lands, could invest in agricultural expansion.

Nobles and Zamindars: The Ruling Classes

In medieval India, nobles and zamindars constituted the ruling class. The Mughal nobility, the most privileged, was open theoretically to all, yet practical considerations favored those with aristocratic connections. Invitations to the nobility often extended to individuals from the Mughals' homeland, neighboring countries, or even Indian Muslims and Hindus under Akbar's inclusive policies.

Zamindars, with hereditary rights to collect land revenue, formed an integral part of the ruling class. Their ownership was determined by succession, and they played a crucial role in local governance. The zamindars collected land revenue, maintaining their own armed forces and living in fortified structures. The complex social fabric also included a middle strata, comprising traders, merchants, professionals, craftsmen, and officials.

Organization of Trade and Commerce

The Mughals prioritized infrastructure such as roads and sarais (rest houses), facilitating communication and trade. Uniform taxes were imposed on goods entering the empire, while Rahdari or Road cesses were declared illegal. High-purity silver rupees, introduced by the Mughals, became the standard coin, promoting a money economy. Trade flourished, and small townships expanded as rural grain markets grew. The nobility's demand for luxury goods propelled handicraft production and town growth.

Foreign Trade and European Traders

India's foreign trade thrived during the 16th and 17th centuries, with European traders significantly influencing the patterns. Indian exports, including food items and textiles, played a crucial role in regional trade. European attempts to acquire empires in India aimed at financing goods exported to Europe. While the Dutch succeeded in Southeast Asia, India's strength and unity under Mughal and provincial governance thwarted complete European domination.

The economy of the Mughal Empire was a rich tapestry, intricately woven with agricultural practices, vibrant trade, and a social structure that mirrored the empire's diverse landscape. The interactions between classes, the dynamics of village life, and the economic policies implemented by the Mughals left an indelible mark on the subcontinent's history. The Mughal era stands as a testament to the complexity and vitality of South Asia's economic and social fabric during this period.