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ECONOMIC THEORY OF DEEN DAYALJI: A CRITICAL STUDY FROM INDIAN NON-MATERIALISTIC APPROACH

Deendayal Upadhyay aspired for people to be educated with bhartiya mulya or values. Only knowledge of the integral humanism of Hinduism can solve problems. Humans depend on natural resources to survive. Humanism is a fundamental part of how people treat each other and nature. The economic structure that the West has created is governed by constitutional principles that go against the laws of nature and, therefore, encourage unrest and disaster. It can be managed to get rid of it through Deendayal’s integral humanism. He said developing countries should not rush into industrialization as it would lead to poverty and unemployment. Instead, they should focus on farming until all their economic difficulties are resolved. Food grain self-inefficiency can be achieved and is required when a country plans continuously and effectively and the environment is benign. It can sometimes be detrimental to encourage industries while neglecting agriculture. He supported decentralization. This essay examines the economic theories of Deendayal Upadhyay.