“The New Bharat economy, blended with Sanatan economy, provides a way forward to most of the developing Countries.”
The economy of New Bharat—or contemporary India under its evolving developmental paradigm—represents a unique synthesis of capitalist dynamism and socialist welfare ideals on one hand and ethics of Sanatan economy on the other. This hybrid model, often termed the Bhartiya Model of Development, integrates market efficiency with state-driven social responsibility, providing an alternative route for developing nations facing the polarities of Western capitalism and state communism.
The Bhartiya Economic Model: The Bhartiya model has emerged as a counter-narrative to unbridled capitalism and static communism, emphasizing a path that values both economic liberty and collective welfare. Unlike laissez-faire capitalism, it keeps the state actively involved in public goods and equity distribution, and unlike orthodox communism, it fuels innovation and entrepreneurship through private participation.
| The Essence of New Bharat Economic Model |
| Gandhian – inspired dharmic Balance and amalgamation of Capitalism, Socialism and Communism. Using strategic regulation instead of total control. Promoting public–private partnerships in essential sectors. Advancing human-cantered development over purely profit-based expansion. Balancing autonomy in global trade with inclusive domestic policies a morally grounded, market-empowered developmental framework model. |
Nature of India’s Mixed Economy
India’s current economy functions as an evolved mixed economy, balancing public welfare and market growth. The state focuses on infrastructure, healthcare, education, and subsidies for the vulnerable, ensuring inclusion and fairness. Meanwhile, the private sector contributes through competitive innovation, digital expansion, and industrial growth. Government regulation ensures environmental sustainability, limits monopolies, and maintains equitable wealth distribution.
Economically, New Bharat embodies a Gandhian-inspired dharmic balance—avoiding the greed of capitalism, the stagnation of socialism, and the rigidity of communism. This philosophy aligns economics with civilizational ethics and sustainability, positioning profit as a social instrument rather than an end
Global Relevance for Developing Nations
India’s economic direction serves as a prototype for developing countries—especially those in the Global South—combining growth with social justice and cultural rootedness. As India’s GDP crosses USD 3.9 trillion and targets USD 6 trillion by the decade’s end, its blend of private-sector efficiency and state intervention, demonstrates how a nation can modernize without eroding traditional values
Compare Sanatan Economy with New Bharat economic Principles
The Sanatan economy and the New Bharat economy represent two fundamentally different yet complementary economic paradigms. The former is rooted in traditional dharmic values emphasizing moral order and sustainability, whereas the latter is a modern, growth-driven framework oriented toward technological advancement and global competitiveness.
The Sanatan economy arises from Sanatan Dharma, envisioning an economic system governed by ethical and spiritual principles. It sees wealth (Artha) as one of the four aims of human life (Purusharthas), but subject to Dharma. It champions restraint in consumption, self-sufficiency, and community-based economic relationships for harmonious living.
In contrast, the New Bharat economy—as framed under the Viksit Bharat 2047 vision—projects a forward-looking economic model focused on industrial transformation, digital innovation, and global integration. It retains inclusivity and sustainability as core values but operates through market mechanisms and advanced technologies
Comparative Overview
| Parameter | Sanatan Economy | New Bharat Economy |
| Philosophical Core | Based on Dharma, Karma, and balance between Artha (wealth) and Dharma (duty) | Based on economic liberalization, innovation, and sustainability |
| Primary Unit | Family and community (Kul and Samaj) as economic foundations | Individual entrepreneurship, startups, and MSMEs driving innovation |
| Goal of Wealth Creation | Ethical accumulation, sustainability, and community welfare. | Economic expansion toward a $30 trillion GDP by 2047, innovation-led growth |
| Consumption Ethic | Restrained consumption and resource recycling | Aspirational consumption guided by green industrialization and energy transition |
| Economic Drivers | Agriculture, cattle rearing, temples, local production (Swadeshi) | Technology, manufacturing, infrastructure, renewable energy |
| Governance Philosophy | Guided by Dharma Rajya ensuring social welfare through self-regulation | Good governance with data-driven transparency and institutional accountability |
| Global Vision | “Vasudhaiva Kutumbakam” – global well-being through balanced exchange | “Viksit Bharat @2047” – leadership in global economy through digital and sustainable growth and global Partnership on the principle of “Vasudhaiva Kutumbakam” |
Synergistic Relationship
Modern India’s development pattern increasingly integrates Sanatan philosophical ethics into policy and business models. Initiatives like Atmanirbhar Bharat and Vocal for Local echo Sanatan ideals of self-reliance and ethical enterprise. The result is a hybrid economic ethos—a “Dharmic Capitalism”—that blends spiritual wisdom with technological innovation to ensure both prosperity and societal harmony.
In essence, the Sanatan economy provides the moral compass for economic activity, while the New Bharat economy supplies the infrastructural engine for achieving global leadership. Together, they frame a uniquely Indian development paradigm—rooted in timeless ethics yet oriented toward futuristic dynamism.