The Bhauma rulers collected moderate tax from their subjects. They helped the growth of feudalism by giving land grants to their officers on hereditary basis instead of paying salaries. Land grants were also given to the religious institutions like monasteries and temples and Brahmins.
In the donated villages the peasants paid tax to the donees instead of the king. Next to agriculture, the most important industry of the Bhauma period was the manufacture of cloth. There were other industries such as stone work, metal work, carpentry, poetry, ivory work, perfumery, jewellery and oil industry. The surviving temples and images are eloquent testimonies of artistic activities of the Bhauma period.
The copper plates and bronze images of the period speak of the metallurgical advancement. It appears that during the Bhauma period Odisha had commercial relation with Ceylon, China and South East Asia. Tamralipti, Che-li-talo and Palur were the ports, situated in the Bhauma territory.