Gandhian Economic Order in the New Millennium
By By Prof. G. S. Shikhare
The Gandhian Economic Order is based on simplicity, decentralization, self-sufficiency, cooperation, equality, non-violence, human values, self-sufficient village units, and nationalisation of basic industries, Swadeshi and the theory of trusteeship. These, in turn, will solve the problems pertaining to labour, 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 present economic problems. “Various economists like Gunnar Myrdal and others 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.