To mark the 153rd birth anniversary of Mahatma Gandhi (Mohan Dass Karam Chand Gandhi), we are in a celebration mode today (Oct.02, 2022) by adopting the teachings of the father of the nation – non-violence, peace, and harmony.  Today, performing any economic or non-economic activity, we require resources that are certainly limited and are to be spent judiciously confining to needs. This calls for understanding, analysing, interpreting, and adopting the Gita-based principle of ‘Needonomics’ as the economics of needs and no to greed.

Needonomics is based on sloka no 22 of chapter 9 of Bhagvad Gita “ananyāśh chintayanto māṁ ye janāḥ paryupāsate  teṣhāṁ nityābhiyuktānāṁ yoga-kṣhemaṁ vahāmyaham”. Meaning thereby “There are those who always think of Me and engage in exclusive devotion to Me. To them, whose minds are always absorbed in Me, I provide what they need and preserve what they already possess”.

It has to be noted that the logo of Life Insurance Corporation (LIC) of India ‘Yogakshemam Vahamyaham’(Your welfare is our responsibility) is taken from this sloka. The concept of needonomics says no to greed authenticating the economic thoughts of Mahatma Gandhi who is known for saying ‘”The world has enough for everyone’s needs, but not everyone’s greed.”

“There are enough resources for everyone’s need but not for anybody’s greed”.

(The writer Dr. Madan Mohan Goel is the Founder of Needonomics School of Thought, Experienced Vice Chancellor, and Professor (superannuated) at Kurukshetra University, Kurukshetra, India.)

Promotional  | KRC Foundation