Ancient India’s Economics And Kautilya’s Views | Sriram Balasubramanian | Chanakya | Arthashastra

So if you really look at the data from the
Common Era beginning all the way till 1700, India and China were literally leading in
GDP. In the beginning phase, India was higher than
China, if you notice and then India retains eighteen thousand, thousand five hundred. China comes slightly higher than India and
thousand six hundred, China takes a jump compared to India, in terms of GDP. But during this entire time till 1700, where
India again overshoots China, but during this entire phase, if you look the Western countries
or Western Europe, their contribution to global GDP was much lower and you had a significant
contribution from India and China towards global GDP. So we are looking at a period of almost seven
hundred years, where different rulers were there in these countries. But there was something there, which made
them powerful or one of the top countries in the world. So there are two lines of argument here. One line is in those days because of lack
of production and lack of Industrial Revolution, the population was a representative economic activity. So the more people you had, the more kind
of economic activity that you have. So that is one worldview that people interpret. Another worldview is that, countries like
India and China had a lot of resources at that time, lot of wealth, natural resources
and that transferred into this growth, during this period of time and there was a system
in place. My analysis basically goes at the beginning
of the Common Era and before my understanding, this entire system is that, what I feel is
that, there must have been an ecosystem in place, for you to facilitate this kind of
economic activity and that’s where I think Kautilya’s framework comes into play. So, what was Kautilya’s major goal? His fundamental approach was to ensure peace
and prosperity in the kingdom, at least the modern Kingdom and that was one of the principal
goals that he had. But only difference is, he wanted economic
development to be the core that facilitates this. So, he wanted to ensure that unlike in ancient
times, his focus was primarily on having economic development being a driver for peace and prosperity,
perhaps he understood in Kaliyuga, that you probably need money more than anything else
or regions had and understanding of the people’s sense that economic development is very important. But on top of economic development he had
three fundamental pillars, which were core to his understanding in the world. One was strong defense capabilities as you
can see; another is communal harmony, which is again something that was very, very important
to Kautilya and then strong and robust governance. So these were three principles which Kautilya

13 thoughts on “Ancient India’s Economics And Kautilya’s Views | Sriram Balasubramanian | Chanakya | Arthashastra

  1. All the people who are reading this comment teach the real history of India to your friends and family members. Because of Leftist education system people don't know. Pay it forward to five people and tell them to do same in return.

  2. indian ( vedic ) system of life is well thought system and it is based on satya ( evidence ) it has beginning and conclusion ( moksha) in this system purpose of life is well defined three fundamental factors for stability are well established 1 education for all ( gurukul system) 2 jobs for all 3 contribution to society ( higher power) we should explore it more foreigners because they were not developed consciously when they invaded our country they have more animal instinct domination — hunger anger and kama. they bring our society to animal level ( fear and greed) we need to work on our vedic thoughts as foreign ideas ( imperialism and violence) have failed or failing miserably foreign ideas roughly can be grouped in –Islam christianity capitalism and communism we need to study them and evaluate their dharma content

  3. कृपा करके मेरा आप से निवेदन है कि इस वीडियो का हिन्दी अनुवाद करें हमारे यहां लोग सुनना चाहते है🙏🙏🙏🙏🙏

  4. Kautilya's Three Requirement for a Prosperous and Peaceful Society can only achieve after only attainment of the Knowledge" Who You Are?
    Without Knowing the Creator, one can not achieve "The Knowledge" so wait for the time.

  5. Kautilya's period was just after Alexander's exit so he saw the concept of trade of the Greeks , which I'm sure wasn't that much different to India's but he understood the idea of a strong treasury & how taxes should be used, what is a mystery is who or what where the "banks " of india – I know in the caste system we have money lenders however it seems reasonable to assume that the temples had a role to play in the flow of coinage ?

  6. Before Nuclear
    Before Electricity
    Before Oil the Prosperity of a Country was defined by the Abundance of Water, Soil, Seasons, Topographic Advantage, Rich Culture, Innumerable Indeginious Crops, Vegetables, Fruits, Clothes, Weaves, Fabrics, Colors, Pulses, Artistry & Spices.

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