Objectives of Indian Economy According to Pandit Deendayal Upadhyay:
- As per Pandit Deendayal, capitalism and socialism have failed to soLve the problems of human beings.
- Hence according to Pandit Deendayal, India should neither follow capitalism nor socialism.
- He stated that India needs progress and happiness of her people.
With respect to the above mentioned issues, Pandit Deendayal gave the following objectives that Indian economy should adopt:
- India should ensure a minimum standard of living to all.
- Security of the nation must be an important goal.
- India should make effort to progress gradually. To do so it should develop new methods that helps her to contribute in world development.
- In order to attain the goal of development, all the young and able people should get the opportunity to work.
- Natural resources must be used judiciously.
- India should adopt such production processes which are in accordance with the factors of production.
- Human beings must not be neglected in economic planning. In fact economic planning must take into consideration the social, cultural and other values of human life.
India should adopt a practical approach to decide whether the ownership should be given to the state or private individuals or to organizations in various sectors.
- Pandit Deendayal also suggested ways for develpping agriculture, industry, marketing, rural economics and ‘concept of swadeshi’.
- Many states have implemented schemes based on his ideology.
- On 16 October, 2014 India launched ‘Shramave Jayate’ plan which was based on Pandit Deendayal’s theory of importance of labour and employment to all.
- In the honour of Pandit Deendayal India also launched ‘Deendayal Upadhyay Gram Jyoti Yojana’ for the development of agro and rural industries.
- Till date solutions of various economic problems can be found in Pandit Deendayal’s economic thoughts.
