ECONOMIC THOUGHTS OF DR. B. R. AMBEDKAR FOR SUSTAINABLE ECONOMIC DEVELOPMENT IN INDIA

Dr. Bhimrao Ramji Ambedkar, a prominent Indian social reformer, jurist, economist, and the principal architect of the Indian Constitution, had a vision for India’s economic and social transformation. His economic ideas, although not widely recognized in the mainstream economic discourse, are highly relevant to the current challenges of sustainable development in India. This paper delves into Dr. Ambedkar economic thoughts, exploring their relevance to issues such as poverty eradication, social justice, economic equality, and sustainable growth in India. Dr. B. R. Ambedkar economic thoughts were visionary in their attempt to address the socio-economic challenges of post-colonial India. His emphasis on economic democracy, social justice, land reforms, and workers' rights laid the foundation for a more equitable society. Ambedkar ideas remain deeply relevant today, particularly as India continues to grapple with issues of poverty, inequality, and social exclusion. While Dr. Ambedkar economic thoughts were rooted in his struggle for social justice, they also offered practical solutions for India’s economic development. His vision for an economically just India where the marginalized were empowered continues to inspire policymakers, social activists, and economists in their efforts to build a more inclusive and sustainable society. Dr. Ambedkar economic philosophy was deeply intertwined with his commitment to social justice. He believed that economic inequality was a root cause of social discrimination, particularly for the Dalits. His economic thought focused on creating an egalitarian society where resources and wealth were distributed based on need, not on social status or caste.