The mansabdars are encouraged to actively take part in foreign trade but is it leading to a stagnation of internal trade or lead to a recession because of some event elsewhere in the world. Many generations only remember growth by this point.
On the contrary, internal trade is also flourishing- the more mansabdars make, the larger support staff they employ, the more wealth is diffused. Further, the ain I jahanzebi incentivises them to promote public works, like irrigation, roads and schools which also facilitate internal economic development. Also, the more mansabdars earn the more they are forced to give in zakat to the poor and the more is given to temples which also redistribute wealth and invest it productively.
Some industries are indeed suffering, as there is less demand for them like the arrow industry. Additionally farmers often get the short end of the stick, as they are manipulated into focusing on cash crops to their detriment, or they find that there is less demand for their food locally as it’s cheaper to import it from other places (common in the doab and across the eastern coast where a lot of food is imported from Patna and Bengal)
But yes the market is more sensitive and I’m planning a recession and it’s effects, but I’m gonna need more time to think about that.
Also it tends to be mansabdars that are more interested in Southeast Asia and the Indian Ocean- in the traditional culture, it’s looked down upon as an uncivilised place, like Bengal was the century before. The state itself remains more interested in Central Asia, as it is a very prestigious and cultured place, trade is booming with China and Russia through it, and there are dynastic links. Like with Shah Jahan, it’ll take a definitive fiasco that proves further northwards expansion isn’t feasible to get the state to look across the sea. Nevertheless, in order to protect shipping by the 1750s there is no power that can challenge the Mughal navy on the open seas- this encourages them to spread out their zones of operation into the Pacific and atlantic. Indonesia remains a hotbed of piracy with its numerous inlets and coves that the large Mughal ships can’t follow them into, and for the moment that really is a thorn in the side of mansabdars trying to ship to China, but not of the state directly so they’re not the major priority.