Economic Planning-The Gandhian Model of Growth

The economy that is based on simplicity, non-violence and has cooperation with equity is said to be the Gandhian model of the economy. This model was started under the leadership of the S.N Agawam and the role is to have high productivity of agriculture. The role of the Gandhian economy is to keep the economical balance and to have a self-sufficient economy. The importance of this economy is to solve the problems related to production, distribution, and labour. One of the advantages of using this theory is to treat all the employees or labour equally as per the economical growth.

What is the economy?

The economy is one of the systems that allow the people to earn however to satisfy their needs by doing investments or by doing some production. The economy is needed by all groups of people to understand the world and their working processes. It helps us to understand the world market, business and the government. The term economy is divided into two groups that are macroeconomics and microeconomics. The country having a high economy is the developed economy can easily fulfil all the requirement of their nation however, the country that has poor economy can fulfil. Poor-country with low economies have to face certain issues such as no hospital facility, low education facility, weak defence system etc. the countries that are having strong economies have a strong education system.

What is economic planning based on the Gandhian Model ?

Economic planning is the process that is being made by the government for the growth and development of their nation. The role of economic planning is to remove poverty, unemployment, and provide certain facilities. The Gandhian economics process has been based on the simplicity of decentralisation cooperation, self-sufficiency, non violence and human value. The principle of this Gandhian economy is based on the Trusteeship. This strategy combines with the sacrifice truth Incorporation. It was based on the principle of economic planning to minimise the inequality between rich and poor. One of the advantages of economic planning is to raise the income level of the poor or the lower labour that do the low quality jobs for their family growth.

What is the feature of the Gandhian economy?

The Gandhian theory is based on the development of the rural area or the local area. In theory, it has three dimensions, the first dimension is the social and economical development of the local area. The other dimension is the development of the people living in the local area such as in the villages. The people living in the village can earn money and cable to earn resources. The feature of the Gandhian economy is 

• Gandhian theory of an economy is related to the development of society, people etc that are from the rural background.
• It was depending on the combination of truth and nonviolence, corporations’ sacrifices and the selfless services. 
• The principle of Gandhian economy is based on the Trusteeship. The Gandhian model is a partnership model that significantly believes in inclusion as well as the development with dignity. 
• In this respect everyone should be treated equally and everyone should get benefits from it
• Trusteeship is one of the features of the Gandhian principle means in this all the business model is based on the trust basis. 

What is the fundamental feature of the Gandhian plan?

The fundamental feature of Gandhi and plant is to provide economic support based on the principle of decentralisation, selflessness, simplicity, cooperation, non violent, human value and Trusteeship.

Conclusion

The economy is the term used for the development and growth of individuals or the nation. A country having a good economy can easily fulfil all the requirements compared to a poor economical country. One of the models that are being used for rural development is the Gandhian model. The Gandhian model is a modal that is based on the development of the local or the rural area. The people living in the village can earn and fulfil their basic needs. The importance of this modal is to give education to the students that are living in the village or to do business with the trusteeship. In the Gandhian model, the business organisation has to maintain cooperation and trusteeship. This model is helpful for maintaining the equality between every level of citizen.