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Published Paper Details:
Paper Title
Gandhian Economic Principles as Correctives to Globalization: Evidence from India's Development Experience (1991-2023)
Authors
Dr. Sudhakara Rao Bezawada, Dr. M. Srinivasa Rao
Keywords
Keywords: Gandhian Economics, Globalization, India Development, Sustainable Development, Economic Equity, Policy Correctives
Abstract
ABSTRACT
This study develops an analytical framework derived from Gandhian economic principles-Swaraj (self-rule), Swadeshi (local self-reliance), Sarvodaya (welfare of all), and Trusteeship-to evaluate India's development trajectory following economic liberalization in 1991. Analysis of secondary data from Indian official sources (1991-2023) reveals significant disparities: wealth concentration (top 1% income share increasing from 11% to 22%), persistent agrarian distress despite workforce dependence, and substantial ecological costs. The study proposes three specific policy correctives derived from Gandhian principles: decentralized governance strengthening, sustainable agricultural transition, and ecological fiscal reforms. It argues for Gandhian economics as a complementary framework that addresses globalization excesses while preserving its benefits for sustainable and equitable development in India.
IJCRT's Publication Details
Unique Identification Number - IJCRT2510649
Paper ID - 295671
Page Number(s) - f517-f524
Pubished in - Volume 13 | Issue 10 | October 2025
DOI (Digital Object Identifier) - https://doi.org/10.56975/ijcrt.v13i10.295671
Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882
E-ISSN Number - 2320-2882
Cite this article
Dr. Sudhakara Rao Bezawada, Dr. M. Srinivasa Rao, "Gandhian Economic Principles as Correctives to Globalization: Evidence from India's Development Experience (1991-2023)", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.13, Issue 10, pp.f517-f524, October 2025, Available at :http://www.ijcrt.org/papers/IJCRT2510649.pdf
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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