Economic Thoughts of Mahatma Gandhi and B.R. Ambedkar: A Comparative Analysis
Keywords:
Mahatma Gandhi, B.R. Ambedkar, Economic Thought, Rural Economy, Industrialization, Khadi, Land Reforms, Currency Reform, Public Finance, Social JusticeAbstract
This paper examines and contrasts the economic ideologies of Mahatma Gandhi and Dr. B.R. Ambedkar, two pivotal figures in India’s socio-economic history. Gandhi’s philosophy emphasized rural self-sufficiency, swadeshi, Khadi and the revival of village industries, linking moral principles with economic sustainability. Ambedkar, on the other hand, approached economic issues with scientific and pragmatic analysis, advocating industrialization, consolidation of agriculture, currency reforms and fiscal federalism to modernize India. The paper also highlights their ideological divergences, particularly regarding rural versus industrial development and social reform. By exploring their writings, speeches and scholarly contributions, this study underscores how their economic ideas continue to influence policy, development strategies and social justice discourse in contemporary India.
References
• Gandhi, M.K. Hind Swaraj and Other Writings.
• Ambedkar, B.R. The Problem of the Rupee: Its Origin and Its Solution.
• Ambedkar, B.R. The Evolution of Provincial Finance in British India.
• Ambedkar, B.R. Administration and Finance of the East India Company.
• Bhattacharya, S. (2005). The Mahatma and the Poet: Letters and Debates Between Gandhi and Tagore.
• Jadhav, Narendra. (2013). Ambedkar Speaks: 301 Seminal Speeches.
• Chandra, Bipan. India’s Struggle for Independence.
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