The term "Shakya" refers to an ancient clan in India, known for its historical significance. This clan is most famously associated with Siddhartha Gautama, who later became known as the Buddha. The Shakyas lived in the region of Lumbini, which is now part of modern-day Nepal. The Shakya clan was primarily engaged in agriculture and trade, contributing to the economy of their time. They were known for their democratic governance, with a council of elders making decisions for the community. The teachings of the Buddha, which emerged from this clan, have had a profound impact on spiritual and philosophical thought worldwide.