Impacts of globalization on social inclusion: A comparative analysis to Gandhian economic philosophy

The advent of 21^st century has experienced a benign and thrilling realization concerned to the bourgeoning economy in India, amid chaos in global financial market ignited by global financial meltdown and recent Euro-Zone crisis in Europe. The vastness of its natural and human resources and growing scientific and technological pursuance put India at the threshold of world's most promising economy, which according to some global financial experts, would be third largest on the earth by 2030, if the present growth rate is kept floating. However, the present orientation of neoliberal economic order presents a paradoxical distortion of inclusive discourses. The genteel-plebeian polarization is a serious symptom that could seriously subvert the promises of ongoing economic pathway in the foreseeable future. The ongoing discussion is an attempt to bring synergy in the contradictory developmental pathway in the context of Gandhian economic philosophy. Present paper proceeds to analyze the impacts of economic Liberalization, Privatization and Globalization (LPG) on the social inclusion and the welfare nature of Indian economy. The defining feature of the paper remains to comparatively analysis the Gandhian economic vision as an effective remedy to the emerging challenges of globalized economy to the welfare economy and social inclusion. The discussion progresses with the empirical analysis of primary and secondary data pertaining to Gandhian economic philosophy and contemporary neoliberal trends in Indian economy.