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This research examines how Gandhian ethical principles can enhance financial decision-making in modern contexts.

May 1, 2026Open Access

Integrating Gandhian Ethical Philosophy with Modern Business Finance: A Multidimensional Framework for Social Justice, Democratic Governance, and Sustainable Economic Decision-Making

GSGANESH SHRIRANG SATARKARShivaji University

Key Points

This research examines how Gandhian ethical principles can enhance financial decision-making in modern contexts.
Qualitative and analytical methodology based on Gandhian literature and contemporary financial theories.
Exploration of capital budgeting, working capital management, and risk-return analysis through a moral lens.
Identified relevance of Gandhian values in addressing issues like inequality and corporate irresponsibility.
Proposed a framework for integrating ethical considerations within modern financial practices.

Abstract

Title Integrating Gandhian Ethical Philosophy with Modern Business Finance: A Multidimensional Framework for Social Justice, Democratic Governance, and Sustainable Economic Decision-Making Description (Author + Affiliation + Designation) Mr. Ganesh Shrirang Nale (Satarkar)Research Scholar / StudentDepartment of SociologyCentral University of Haryana, Mahendragarh – 123031, Haryana, IndiaEmail: ganeshnale0@gmail.comMobile: +91 7066766607 This research work presents an interdisciplinary academic contribution that integrates Gandhian ethical philosophy with modern financial management principles. The study bridges normative ethical frameworks and contemporary financial systems by examining how Gandhian values such as truth, non-violence, trusteeship, and social justice can be applied to financial decision-making. It explores key financial domains including capital budgeting, cost of capital, working capital management, risk-return analysis, and international finance through a moral lens. The paper also highlights the relevance of Gandhian thought in addressing contemporary global challenges such as inequality, corporate irresponsibility, gender disparity, and financial instability. It adopts a qualitative and analytical methodology rooted in classical Gandhian literature and modern financial theory, contributing to ethical governance and sustainable development discourse. Keywords and Subjects (Paragraph Form) This study focuses on Gandhian Philosophy, Social Justice, Non-Violence (Ahimsa), Truth (Satya), Satyagraha, Trusteeship, Panchayati Raj, Democratic Governance, Ethical Economics, Corporate Social Responsibility, Capital Budgeting, Cost of Capital, Working Capital Management, Risk and Return Analysis, Financial Inclusion, Women Empowerment, Human Rights and Duties, Sustainable Finance, ESG (Environmental, Social, and Governance), International Financial Systems, Foreign Exchange Risk, Asset Securitization, and Global Economic Development. The subject area lies at the intersection of Sociology, Political Economy, Business Finance, Ethics, and Development Studies, emphasizing the integration of moral philosophy with financial practices for inclusive and sustainable growth. Publishing Information Details Journal Name: Periodico di MineralogiaISSN: 0369-8963Volume: 95Issue: No. 2Year: 2026Pages: 1–19 Publisher: Periodico di Mineralogia (Academic Journal Publication) Article Type: Research Article

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