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Neo – Liberal economic development UPSC NOTE

 Impact of neo-liberal economic development marginalized and socially oppressed groups in India 

  • Modern democracy is synonymous with both the values of social harmony and reforms that ensure dignity and self-respect to its participants, especially the historically deprived and socially marginalised people

  • Democratic institutions are mandated to engage with the worst-off social groups and ensure their substantive participation as a significant governing class in political affairs. 

  • The socially oppressed groups in India, especially Dalits, adored and celebrated such modern virtues because of their liberative potential and

egalitarian goals

  • Babasaheb Ambedkar emerged as a torchbearer of liberal enlightened ideas and expected that post-colonial India would be distinct from the exploitative Brahmanical past and invite Dalits to be equal shareholders in the nation’s economic and political development. 

  • With the ascent of neo-liberal economic development, the conventional support that Dalits and Adivasis have received from state institutions, has derailed.

Vision of Babasaheb Ambedkar

  • Ambedkar becomes crucial in a discourse for Dalits  because his approach allows us to diagnose illnesses in the social and economic order

  • He offers ethical corrective measures to make institutions more democratic, representative and closer to the claims and the desires of marginalised social groups. 

  • Though the mechanism of social justice is not radical and transformative, it provides moral sensibilities to institutions and makes it responsible towards the diverse population.

  • It is well-documented that the neo-liberal market is alien to such ethical values and overtly celebrates the exclusive control of few corporate bodies and businessmen over capitalist development. 

  • Such a distancing of the market from social responsibilities, especially its neglect towards the aspirations and the demands of Dalits and Adivasis has made the market enterprise more exploitative and closer to a crony capitalist mode. 

  • It is an appropriate time to imagine how the worst-off social groups can become an integral and substantive part of the new economic order.

  • It is required that the new social justice policies be expanded to the private economy, with a focus to democratise the working classes and to reduce poverty

  • The new framework of social justice must ensure that an impressive class among Dalits and Adivasis emerges as the leaders, business entrepreneurs and influencers in the economic sphere

  • Ambedkar looked upon the modern state as the key transformative force for the emancipation of Dalits and Adivasis

  • The neo-liberal realm, the state has been converted as the passive associate of big business that readily deviates from its social

responsibilities and welfarist values. 

  • The new agenda of social justice should be oriented towards the leaders of the market economy, educating to adopt welfarist measures for the worst-off social groups, and making them integral to economic development. 

  • Ambedkar’s version of social justice would help us to redefine capitalism as a pluralist and cooperative mode of economic order.

  • That guarantees the substantive participation of Dalits and Adivasis in the market economy and in the associated institutions of power and privileges.

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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Neo – Liberal economic development UPSC NOTE
Neo – Liberal economic development UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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