Gandhian economics is a school of economic thought based on the socio-economic principles expounded by Indian leader Mohandas Gandhi. It is largely characterised by its affinity to the principles and objectives of nonviolent humanistic socialism, but with a rejection of violent class war and promotion of socio-economic harmony. Gandhi's economic ideas also aim to promote spiritual development and harmony with a rejection of materialism. The term "Gandhian economics" was coined by J. C. Kumarappa, a close supporter of Gandhi.

Gandhi's thinking on socio-economic issues was greatly influenced by the American writer Henry David Thoreau. Throughout his life, Gandhi sought to develop ways to fight India's extreme poverty, backwardness and socio-economic challenges as a part of his wider involvement in the Indian independence movement. Gandhi's championing of Swadeshi and non-cooperation were centred on the principles of economic self-sufficiency. Gandhi sought to target European-made clothing and other products as not only a symbol of British colonialism but also the source of mass unemployment and poverty, as European industrial goods had left many millions of India's workers, craftsmen and women without a means of living. By championing homespun khadi clothing and Indian-made goods, Gandhi sought to incorporate peaceful civil resistance as a means of promoting national self-sufficiency. Gandhi led farmers of Champaran and Kheda in a satyagraha (civil disobedience and tax resistance) against the mill owners and landlords supported by the British government in an effort to end oppressive taxation and other policies that forced the farmers and workers and defend their economic rights. A major part of this rebellion was a commitment from the farmers to end caste discrimination and oppressive social practices against women while launching a co-operative effort to promote education, health care and self-sufficiency by producing their own clothes and food.

Subramanian Swamy (born 15 September 1939 in Chennai, India sometimes spelt Subramaniam Swamy) is an Indian politician, academician and an economist. He is the President of the Janata Party of India. He also presently serves as chairman of the SCMS Board of Governors of the SCMS Group of Educational Institutions in Kerala.

Swamy has previously served as member of the Planning Commission of India and Cabinet Minister of India. He has written extensively on foreign affairs dealing largely with India-China, India-Pakistan and Indo-Israel relation and is also a published author.

In November 1978, Swamy was member of the Group of Eminent persons called to Geneva to prepare a report of the United Nations (UNCTAD) on Economic Co-operation between Developing countries (ECDC).Swamy simplified trade procedures and formulated a new export strategy which became the forerunner of trade reform adopted subsequently. In 1994, Swamy was appointed as Chairman of the Commission on Labour Standards and International Trade by then Prime Minister P. V. Narasimha Rao. This was perhaps for the first time that an Opposition Party member was given a Cabinet rank post by the ruling party.

Manmohan Singh (Punjabi: ਮਨਮੋਹਨ ਸਿੰਘ [mənˈmoːɦən ˈsɪ́ŋɡ], Hindi: मनमोहन सिंह [mənˈmoːɦən ˈsɪŋɦ] ( listen); born 26 September 1932) is the 13th and current Prime Minister of India. He is the only Prime Minister since Jawaharlal Nehru to return to power after completing a full five-year term. A Sikh, he is the first non-Hindu to occupy the office. Singh is also the 7th Prime Minister from the Indian National Congress (Congress) party. He is a four-time Member of Parliament from the Upper House of the Parliament of India, the Rajya Sabha, representing the state of Assam. His term in the 14th Rajya Sabha was from 22 May 2004 to 26 February 2009. In the 15th Rajya Sabha his term started 22 May 2009 and is scheduled to continue till 2014. On 27 May 2012, he became the first Indian Prime Minister to visit Myanmar in 25 years.

Born in Gah, Punjab in British India (now Pakistan) in 1932, he migrated to India with his family at the time of Partition in 1947. Singh studied at Panjab University, University of Cambridge and University of Oxford. Thereafter, while Singh was working at United Nations Conference on Trade and Development (UNCTAD), Lalit Narayan Mishra, the then Indian Minister for Foreign Trade, appointed Singh as an advisor to his ministry. He was appointed Governor of the Reserve Bank of India between 1982 and 1985, Deputy Chairman of the Planning Commission of India from 1985 to 1987 and Secretary General of the South Commission from 1987 to 1990. Elected to the Rajya Sabha in 1991, he was inducted into Prime Minister P. V. Narasimha Rao's cabinet as Finance Minister the same year, a post he held until 1996. His tenure as Finance Minister is best remembered for the economic reforms he carried out, which ended the Licence Raj system and helped open the Indian economy.