What type of study is this?

This is a Literature Review study.

September 10, 2025Open Access

Relevance of Gandhian Economy in the 21st Century: Principles and Practice

Key Points

The gandhian economy promotes decentralization, addressing socio-economic issues effectively.
Key principles like swadeshi and trusteeship are central to establishing social justice.
Despite market-oriented reforms since 1991, persistent economic problems indicate a need for alternative solutions.
Gunnar Myrdal suggests that gandhian guidelines provide crucial insights for developing economies.

Abstract

Gandhian economy is mainly based on decentralization, non-violence, self-sufficient village unit industries, swadeshi, the theory of trusteeship, social justice, full employment, harmonious labor-capital relations etc. These, in turn, would solve the problems pertaining to labor, capital, production, distribution and profit etc. Since 1991, we are following market-oriented free economic system but the old problems are yet to be solved and higher growth remains to be achieved and hence there is an urgent need to find out some other alternative solution to the present economic problems. Economists like Gunnar Myrdal are of the opinion that socio-economic problems of India and other developing countries can be solved to a great extent by following Gandhi’s guidelines and principles.

Demander à l'IA

Bookmark

View Full Paper

Cite This Study

Singh et al. (Thu,) studied this question.

synapsesocial.com/papers/68c1dda254b1d3bfb60fc59e https://doi.org/https://doi.org/10.63363/aijfr.2025.v06i04.1121