Local Roots, Global Futures: Indigenous Economies and Emerging Industries

Local Roots, Global Futures: Indigenous Economies and Emerging Industries Manali S. Mhetre Assistant Professor, BBA Dept., Hirachand Nemchand College of Commerce, Solapur Sonam Yash Sale Assistant Professor, MBA Dept., Hirachand Nemchand College of Commerce, Solapur Abstract The global development paradigm is increasingly shifting from growth-oriented models to inclusive and sustainable frameworks that emphasize social equity, cultural continuity, and ecological balance. Indigenous economies, often overlooked in mainstream discourse, provide alternative development pathways grounded in community participation, ethical resource utilization, and decentralized governance. This study examines the relevance of indigenous economies in shaping emerging industries, particularly in Maharashtra. Drawing on the governance philosophy of Ahilyadevi Holkar, it explores how indigenous economic principles can guide start-ups and social enterprises in the modern context. Adopting a qualitative approach based on secondary data from peer-reviewed sources, the study proposes a conceptual framework linking indigenous knowledge systems with contemporary entrepreneurial ecosystems. The findings indicate that aligning emerging industries with local traditions, supported by welfare-oriented governance, can foster inclusive prosperity. The research contributes to interdisciplinary literature and offers policy insights for sustainable industrial development. Keywords: Indigenous economies, inclusive prosperity, emerging industries, Ahilyadevi Holkar, start-ups, social enterprises, Maharashtra