Gandhi’s Economic Thought

Introduction Agriculture plays a vital role in India’s economy, employing over 50% of the workforce and contributing significantly to food security. However, despite its importance, the Indian agrarian economy faces numerous structural and policy-related challenges. These challenges affect productivity, income, and the overall well-being of farmers. In this answer, we’ll explore the major issues facing […]

Introduction Economic sustainability and social justice are two essential goals for India’s development. Economic sustainability means promoting long-term growth without harming the environment or exhausting natural resources, while social justice ensures fair treatment, equal opportunities, and equity in society. Recognizing their importance, the Indian government has initiated various policies and programs to achieve both objectives.

Introduction Development is a broad concept that involves economic growth, social progress, and improved quality of life. Over the years, two major approaches have emerged: the dominant paradigm of development and the Gandhian idea of development. The dominant model is growth-centric, industrial, and materialistic, while Gandhi’s model is people-centered, ethical, and sustainable. Understanding the differences

Introduction Gandhi’s theory of trusteeship is one of the most unique and ethical approaches to economics and wealth distribution. It is a concept based on non-violence, moral responsibility, and social justice. Gandhi believed that the rich should not hoard wealth but act as trustees, using their resources for the welfare of society. Instead of forced

Introduction Gandhiji’s economic philosophy is deeply rooted in moral and ethical values. His statement, “Multiplicity of wants and acquisitiveness lead to moral decay and social disintegration,” highlights his concern about uncontrolled desires and the modern capitalist culture that promotes excessive consumption. For Gandhi, simplicity, self-restraint, and need-based living were central to a harmonious society. This

Introduction The British colonial rule in India had a profound and long-lasting impact on the Indian economy. Indian nationalists strongly criticized the economic policies implemented by the British, arguing that these policies led to widespread poverty, the destruction of indigenous industries, and the systematic exploitation of Indian resources for the benefit of Britain. This critique