Write A Note On Economic Nationalism With Special Reference To Indian Thinkers

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Economic nationalism is a perspective that emphasizes the importance of economic self-sufficiency and the protection of domestic industries in a country. It is rooted in the belief that a nation’s economy should be protected from foreign competition and that economic development should be driven by domestic industries rather than foreign investment. Economic nationalism is a popular perspective among Indian thinkers, who have developed their own unique version of economic nationalism, known as “Swadeshi.”

Swadeshi is a term that originated in the Indian nationalist movement of the early 20th century. It refers to the belief in the promotion and use of domestic products, as opposed to foreign goods. The term is derived from the word “swa” meaning “self” and “desh” meaning “country.” Swadeshi as an economic philosophy is based on the idea of self-reliance, which emphasizes the need for India to develop its own industries and resources to become economically independent.

One of the most prominent Indian thinkers who promoted economic nationalism was Mahatma Gandhi. Gandhi believed that India’s economic development should be based on small-scale, village-based industries and agriculture. He believed that these industries would be more efficient, more equitable, and more sustainable than large-scale, foreign-owned industries. Gandhi also believed that the promotion of domestic industries and the use of domestic products was essential for India’s economic and political independence.

Another prominent Indian thinker who promoted economic nationalism was Jawaharlal Nehru. Nehru believed that India’s economic development should be based on a mixed economy, where the government would play a key role in promoting and protecting domestic industries. He believed that a strong public sector was essential for India’s economic development and that the government should promote the development of heavy industries, such as steel and power, to achieve self-sufficiency.

Swami Vivekananda, an Indian thinker, also advocated for a form of economic nationalism, which he called “practical Vedanta.” He believed that India’s economic development should be based on the principles of spiritualism and humanism, which would lead to a more equitable and sustainable society. He believed that India’s spiritual heritage and its rich cultural heritage would provide the foundation for its economic development.

Economic nationalism is a perspective that emphasizes the importance of economic self-sufficiency and the protection of domestic industries in a country. Indian thinkers have developed their own unique version of economic nationalism, known as “Swadeshi,” which emphasizes self-reliance and the promotion of domestic products and industries. Prominent Indian thinkers such as Mahatma Gandhi, Jawaharlal Nehru and Swami Vivekananda have promoted economic nationalism as an important aspect of Indian national identity and as a means of achieving economic and political independence.

@Write A Note On Economic Nationalism With Special Reference To Indian Thinkers


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