Dr. B.R. Ambedkar on the Development of Currency System During British India: Problems and Suggestions
DOI:
https://doi.org/10.55544/ijrah.3.3.10Keywords:
Price stability, Drain of Wealth, Silver Exchange Standard, Gold Standard, Gold Exchange StandardAbstract
Dr. B.R. Ambedkar's approach to economics was significant and founded on his expertise in comprehending issues at their most fundamental level. He had a profound awareness of both the British financial system and the pattern of the Indian rupee's exchange value. He explains the importance of the "medium of exchange" in stabilising any currency through its supply and demand networks. He was a first-generation Indian economist who earned degrees from the London School of Economics and Columbia University in the United States. He was the first to advocate for monetary and fiscal reform in India. In my paper, I will try to understand his analysis of the growth of Indian modern currency and the financial weaknesses during British India.
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B.R. Ambedkar. The Problem of the Rupee: its Origin and its Solution, London, P. S. King & Son, Ltd., Westminster, 1923, p. 9.
Ibid, p. 8
Dr. Babasaheb Ambedkar: Writing and Speeches, Maharashtra Government, Education Department, vol. 6, 1989, p. 424
Ibid, p-415
Narendra Jadhav. Ambedkar: Awakening India’s Social Conscience, p. 56, Konark Publication,2014
B.R. Ambedkar. The Problem of the Rupee: its Origin and its Solution, London, P. S. King & Son, Ltd., Westminster, 1923, pp. 88–89
Dr. Babasaheb Ambedkar: Writing and Speeches, Maharashtra Government, Education Department, vol.6, p. 424, p-411,
Ibid, p.424
B.R. Ambedkar. The Problem of the Rupee: its origin and its solution, London P. S. King & Son, Ltd. Westminster, 1923, p.128
Ibid, p.152
Dr. Babasaheb Ambedkar; Writing and Speeches, Maharashtra Government, Education Department, vol.6, p. 424, pp.594
Dr Krishnan Gopal, Dr Jagadeesh Lal, Sarabjit s Sharma. Thoughts & Ideas of Gandhi, Nehru, Tagore and Ambedkar, p-224, Jawaharlal Publisher and Distributers, New Delhi,1994.
Dr. Babasaheb Ambedkar: Writing and Speeches, Maharashtra Government, Education Department, vol.6, p.165
Ibid, p.166
Ibid, p.175
Ibid, p.178
Ibid, pp. 675-76
The Royal Commission Currency and Finance Statemen (1926), vol. ii, p.237
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