“The study of ancient Indian economics thought is a new alternate of economics system.” Justify.
Morden economics has caused the rapid exploitation of natural resources, unlimited and excessive consumption of goods and services by certain class people, environment pollution and decline in human values, in the name of economic development and these issues has forced the capitalist and socialise to look for an alternative path. In this situation study of ancient economics paved pay for the solution of current economic problems, like exploitation of labour, as ancient economic does not consider human as a source of only physical and mental labour, but it takes an integrated approach of human body, mind, intelligence and soul. The current economic system also causes excessive consumption, whereas ancient economic system gives consideration to co consumption and limited consumption. At present when a gap between rich and poor is increasing, Ancient India’s economic thought of balanced and co-consumption, as well as justified distribution can be helpful to establish equality in society and social welfare. On behalf of the above discussion is proof that Ancient economic thought of India is a new alternative of the economic system.
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