Explain the idea of economic nationalism. Discuss the main views of its earliest proponents.

Economic Nationalism in the Indian National Movement

Economic nationalism played a pivotal role in shaping the trajectory of the Indian National Movement, a struggle for independence against British colonial rule that spanned several decades. This multifaceted ideology emerged as a response to the economic exploitation and subjugation faced by the Indian populace under British imperial rule. The proponents of economic nationalism sought to address the economic injustices imposed by colonial policies and promote self-sufficiency, industrialization, and equitable economic development in India.

Historical Context:

The roots of economic nationalism in India can be traced back to the latter half of the 19th century when the detrimental impact of British economic policies became increasingly evident. The drain of wealth, exploitative land revenue systems, discriminatory trade practices, and the virtual monopolization of key industries by the British had severe repercussions on the Indian economy. In response to these challenges, the idea of economic nationalism gained traction among the leaders of the Indian National Movement.

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