“Indian Knowledge System and Business: A Historical Perspective”

Abstract

India has a long and rich tradition of business practices that are deeply rooted in its cultural, ethical, and philosophical systems. This study explores the relevance of the Indian Knowledge System (IKS) in the context of modern business and management. Through a literature review and analysis, this study highlights how principles from the Indian Knowledge System such as honesty, trust, long-term relationships, community welfare, and ethical conduct continue to influence and inspire today’s businesses. It shows how Indian business values emphasize not just profit but also responsibility, fairness, and spiritual well-being. In the current global business environment, where sustainability and ethical practices are becoming increasingly important, the wisdom of IKS offers valuable insights and guidance. The study concludes that integrating traditional Indian knowledge with modern business strategies can enhance corporate governance, employee well-being, and customer trust. It also has implications for entrepreneurship, leadership development, and organizational culture. Indian business philosophy, when properly understood and applied, can help create companies that are not only successful but also socially responsible and culturally rooted.