Social Sciences, asked by Rishirajkapoor1082, 1 year ago

Write a note on economic nationalism with special reference to indian thinkers

Answers

Answered by rks0512

The establishment of British rule in India brought about political and administrative unification. The British rule not only made them aware that they possessed common characteristics, but also provided them with common interests and common grievances. "Among the numerous things, the state system and administrative machinery, the introduction and spread of modern western education, and the Christian missions played a very significant part in creating modem middle class."1 This middle class first appeared in the newly forinded cities of Calcutta, Bombay, and Madras, and later in the towns which became the subsidiary centres of British commercial activity and administration. So, the middle class stood between the rulers and the masses. The modem western educational section of middle class spearheaded the task of reformation. Their role in the history of modem Indian nationalism was great and decisive. They were the pioneers, organizers and leaders of national consciousness in India. To begin with, they integrated the Indian people into a nation and organized socio-religious reform movements, this task was to reform the Indian society. Raja Ram Mohan Roy, the first Modem man of the India, and his group constituted the first group of intelligentsia. The question of socio-religious reform was the utmost for them in the late 18th and early 19th century, they were stunned by the development, and hoped that the British Government would modernize India by spreading modern education, by introduction of modem industry on par with England

Answered by Afreenakbar

Answer:

The idea that a nation's people and domestic industry should largely benefit from its economic development is known as economic nationalism. It focuses on the necessity of defending and advancing native businesses, resources, and labour, frequently through trade restrictions, import substitution, and localization regulations. In many nations, including India, economic nationalism has played a key role in politics and the economy.

Indian intellectuals have long discussed the benefits and drawbacks of using economic nationalism as a tool for economic growth. Dadabhai Naoroji, one of the first Indian nationalist leaders, promoted economic nationalism as a strategy for ending India's reliance on British economically. He pushed for the employment of tariffs, subsidies, and other trade policies to safeguard domestic businesses and support homegrown production.

Mahatma Gandhi, supported economic nationalism as a strategy for obtaining Swaraj, or self-rule. For India to achieve political freedom and social growth, in his opinion, it must be economically self-sufficient. Gandhi promoted the use of khadi, or hand-spun cloth, as a sign of financial independence, as well as a way to support regional businesses and rural jobs.

Economic nationalism has been a major political and economic problem in contemporary India, with numerous political parties and individuals calling for increased protectionism and localisation of policies. Economic nationalism, according to Indian nationalists, is required to defend native industries and foster homegrown innovation and entrepreneurship. Economic nationalism's detractors contend that these consequences can include inefficiencies, decreased production, and increased consumer costs.