Paper Title
RELEVANCE AND IMPACT OF DR. B R. AMBEDKAR’S IDEAS ON INDIAN ECONOMY AND PROBLEMS OF RUPEE
Article Identifiers
: Keywords
: internal stability, administrative policies, financial arrangement, cooperative agriculture, Free market, Inflation, Problems of Rupee. Monetary policy.
Abstract
Whenever any country faces difficult situations, challenges, whether it is a political or economic, the intellectuals and politicians at some point or another need to search their own country's history for the solutions. The historical events, its people and their thoughts, that has shaped the country and its people future, proves to be the vital elements for the solving the current challenges the country. Dr. Babasaheb Ambedkar is one such great thinker, leader and intellectual of its time in India who has not only changed the life of millions of untouchables but shaped India as a biggest democratic nation by writing its constitution. What is well known about Dr. Ambedkar is his fights against Caste system in India, but what is not known is how Dr. Babasaheb Ambedkar had also Impacted the Indian economy. Dr. B.R Ambedkar was among the most outstanding intellectuals of India in the 20th century. His work in economics is noteworthy. His views deal with public finance and agriculture are landmark in the economics. Ambedkar’s commitment was internal stability and he was convinced that only an automatic system based on gold standard with gold currency could achieve this desirable end. He was of view that governments should spend the resources garnered from the public not only as per rules, laws and regulations, but also to see that “faithfulness, wisdom and economy”. Intervening in a discussion in the Bombay Legislative Council on October 10, 1927, Dr. Ambedkar argued that the solution to the agrarian question "lies not in increasing the size of farms, but in having intensive cultivation that is employing more capital and more labour on the farms such as we have." Further on, he says: "The better method is to introduce cooperative agriculture and to compel owners of small strips to join in cultivation." Thus Ambedkar thought on public Finance and agriculture has vital relevance and still applicable in current situation of India. In order to enhance productivity of agriculture sector, government is needed to take measures on the basis of Dr. Ambedkar’s thought.
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How To Cite (APA)
Dr. Anjan Kumar M J, Dr. Raghupathi R, Chandrappa M, & Dr. Ramanjanaiah B K (July-2022). RELEVANCE AND IMPACT OF DR. B R. AMBEDKAR’S IDEAS ON INDIAN ECONOMY AND PROBLEMS OF RUPEE. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 7(7), 627-637. https://ijnrd.org/papers/IJNRD2207075.pdf
Issue
Volume 7 Issue 7, July-2022
Pages : 627-637
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Paper Reg. ID: IJNRD_182073
Published Paper Id: IJNRD2207075
Downloads: 000122255
Research Area: Social Science and HumanitiesÂ
Author Type: Indian Author
Country: Bangalore , Karnataka, India
Published Paper PDF: https://ijnrd.org/papers/IJNRD2207075.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2207075
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