Relevance of Economics Thoughts of Dr. B.R.Ambedkar in India

Abstract

Dr. B. R. Ambedakar was well educated, trained and more importantly expert of international repute and fame of economics with very concrete contribution in the number of branches and areas of economics He has very radically and substantially contribute here the field of specialisation in economics such as farming economics, monetary economics, manufacturing and labour economics, development economics, economics of irrigate and natural resources, economics of social exclusion and discrimination, women empowerment and gender studies, energy, poverty, inequality and public economics and policy. B.R. Ambedkar on public finance reveals some very important conclusion with mention to fiscal operations of Indian economy. The fiscal operation of the administration in India is not in the view of Dr. B.R. Ambedkar. Taxation in India is not for economic unfairness and social justice. India is excessively depending upon indirect taxes than direct taxes for revenue mobilisation. The cost in India is social development, but not economic development. But in social development also, education and health did not get necessary and desirable attention. The role of Indian government in economic Development in natural development of agriculture and industry in particular is need than what Dr. Ambedkar was expecting.