Exploring the Impact of Gandhi's Economic Theories on India's Development

Abstract

This research paper explores the impact of Mahatma Gandhi's economic theories on India's development. Gandhi's ideas, such as swadeshi, self-reliance, and community-based development, were grounded in moral and ethical principles, and emphasized the importance of promoting local industries and reducing dependence on foreign imports. Using a qualitative research approach, this paper examines case studies and existing literature on the role of Gandhi's economic theories in shaping India's economic development. The findings suggest that while Gandhi's ideas have played a significant role in promoting sustainable and equitable growth, their practical application has been limited by political and institutional factors, such as corruption and lack of government support. The paper concludes by discussing the implications of Gandhi's economic theories for contemporary economic debates and offering recommendations for future research.