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The relevance of Gandhian Economics to Modern India

By Krishnan Nandela

The economic philosophy of Gandhi is written about, discussed and talked about. However, when it comes to implementation, it is criticized for being impractical and imaginary. For instance, the concept of trusteeship as enunciated by Gandhi demands non-possession. It seeks individual to dispossess his wealth and income beyond his requirements so that the economic welfare of the less capable is realized. The principle of non-possession and trusteeship is not realized practically because individuals are immensely attached to their wealth in the ordinary course of life. Gandhi and even later day Gandhians have not been able to find the root cause of attachment to wealth and its accumulation overtime.

 

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