Mughal Empire

The Mughal Empire was an early modern empire in South Asia. At its peak, the empire stretched from the outer fringes of the Indus River Basin in the west, northern Afghanistan in the northwest, and Kashmir in the north, to the highlands of present-day Assam and Bangladesh in the east, and the uplands of the Deccan Plateau in South India.

The Mughal Empire is conventionally said to have been founded in 1526 by Babur, a Timurid prince hailing from Fergana Valley in Central Asia, who with the Safavid and Ottoman assistance defeated the Sultan of Delhi, Ibrahim Lodi, in the First Battle of Panipat and swept down the plains of northern India. The Mughal imperial structure, however, is sometimes dated to 1600, to the rule of Babur's grandson, Akbar. This imperial structure lasted until 1720, shortly after the death of the last major emperor, Aurangzeb, during whose reign the empire also achieved its maximum geographical extent. Reduced subsequently to the region in and around Old Delhi by 1760, the empire was formally dissolved by the British Raj after the Indian Rebellion of 1857.

Although the Mughal Empire was created and sustained by military warfare, it did not vigorously suppress the cultures and peoples it came to rule; rather, it equalised and placated them through new administrative practices, and diverse ruling elites, leading to more efficient, centralised, and standardised rule. The basis of the empire's collective wealth was agricultural taxes, implemented by the third Mughal emperor, Akbar. These taxes, which amounted to well over half the output of a peasant cultivator, were paid in the well-regulated silver currency, and allowed peasants and artisans to enter larger markets.

The relative peace maintained by the empire during much of the 17th century was a factor in India's economic expansion.