INDIAN ECONOMY AND GANDHIJI

Economics related to Gandhiji is such thought of economy which is based on spiritual and socio-economic principles which was founded by greatest economic leader Mahatma Gandhi. There is no distinction between economics and ethics drawn on the basis of Gandhian philosophy. Such an economy the objective of which is to hurt wellbeing of an individual related to morality is not considered good and is considered sinful. Industries should not only focus upon paying dividends to its shareholders but it should also have an effect upon its employees and their mind, soul and body. According to Gandhian Economics more impact should be upon man rather than on money. Indian economy based on Gandhian principle is having the characteristics of rejecting the concept of human as such an actor who is rational and is trying to maximize self-interest which is the base of classical economic thinking.

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Keywords: Gandhian, Trusteeship, Liberalization, Non-Violence, Privatization, Globalization.


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