Some kind of trade and commerce by barter between individuals and tribes prevailed even while civilization was yet in its infancy. Who can say when and where he first market made its appearance? As the arts of life grew and multiplied, trade and commerce also developed in various forms and directions. The barbarous and savage man entered the feudal age and the feudal stage of civilization. The mercantile age succeeded the feudal age, resulting in brisker and more varied trade and commerce. “The closing years of the seventeenth and the opening years of the eighteenth century were marked by the Industrial Revolution”. This meant a simultaneous or a parallel revolution in trade and commerce also. England was the first country to represent this great change. Within a few decades, France,Germany and, on a smaller scale, some other European countries, entered the field of world trade and commerce. The railway and the steamship and power-driven mills and factories, incredibly increased the speed, the volume and the variety of European trade and commerce. The Capitalistic age had begun. Asia which was still in the feudal and marcantile stage of its economics was left far behind. As a result of competition and conquest Asiatic trade and commerce fell on lean and languishing years. Only in the opening years of the twentieth century America and Japan entered the field of competition in the international trade and commerce. It has been said that capital knows no country. Consequently India which had become a subject country also stepped into the orbit of mechanised trade and commerce. But here the pace was slow. All the same, industrial centers like Bombay, Calcutta, Madras, ‘AHMEDABAD’, Kanpur and Tatanagar grew and developed. And now China is developing very fast. Cheap and quick locomotion, and national and international banking system and exchange have immensely multiplied the pace and the volume of national.