Global Dialogue on Cultural Diplomacy ,Peace & Humanitarian Economics and Civilization

CEC22 : 14-16th Oct. 2022 , Gandhinagar ( Gujarat )


Program Partner
Academic Partner


Bibek Debroy
(Chariman Economic Advisory to Prime Minister)

Ramakrishna Math
(P.O. BELUR MATH, DIST. HOWRAH WEST BANGAL:711202 INDIA)

Shri Akhilesh Mishra
(Indian Ambassador)

Bhagat Singh Koshyari
(Hon'ble Governor of Maharashtra)





Cultural Economy Conclave 2022

No economy devoid of the religious (Dharmik) and spiritual pursuits and the cultural values of the region can grow sustainably. Materialism or spirituality or culture alone is not capable of thriving unless they coexist in a system of good governance.

While economics is indicative of the prevailing conflicts of a capitalist or aspiring to be capitalist society and its overall business and trade activities; spirituality deals with something that is sacred and possess the power to heal and guide for righteousness according to appropriate dharma of the religious practices. The discipline (Cultural Economy or religious economy) recognizes the value that both economics and dharma lend to each other.

While Dharma (religion) and spirituality is the guiding force of any noble society in every walk of life; culture and tradition are the reflection of beliefs, behaviour and values deeply inherited in the society and prevailed as such to be recognised as an identity and inspiration.

This is also refereed as behavioural economics. Cultural Economics studies the relation between with culture and economical values which is created by the culture itself. Cultural finance is a growing field in the behavioural economics that studies the impact of cultural differences on individual financial decisions and on financial markets. We may also call it "The Role of Social Capital in Financial Development”.

It is believed that the concept (cultural economy) as a subject of studies emerged in the mid-90s of twentieth century in the social sciences and economic theories. However, the great Indian philosopher Acharya Kautilya narrates economics, dharma and behavioural science in the 3rd century as;


सुखस्य मूलं धर्मः , धर्मस्य मूलं अर्थः
अर्थस्य मूलं राज्यं , राज्यस्य मूलं इन्द्रिय जयः
इन्द्रियाजयस्य मूलं विनयः, विनयस्य मूलं वृद्धोपसेवः
वृद्धोपसेवाय विग्न्यानं , विग्न्यानेनं आत्मानं सम्पद्येत
समपदितात्म जितात्मम भवति, जितात्मा सर्वार्थे संयुज्यते

There is a wide discussion around for a precise definition and its composition in terms of sectors of activity; however, it is a concept to which is assigned a different meaning. In some cases, it contextualizes the economics associated with the culture and creative industries, tourism and heritage and in other it relates to the economic exploitation of the culture and heritage of a society. And in another case, it means both.

It is an understanding and practice of consciousness in business and behaviour. A cross-disciplinary study combining psychology, economics and the spiritual science of the Vedas and Indian culture to explain the vying among rivalry, deceit as success strategy, cut-throat competition, ignorance of culture and ethical values considering as obstacle to growth and development, unending economic hardship, exploitation, inequity, and struggle in this world, economic methods devoid of peace and sustainability and emerging ecological problems.

Since Economics is a man-made creation which is a set of ideas entirely created by human beings, if we want to understand the economic problem and its solution we must understand how and why human beings act in this world? That will give us the insight needed to properly adjust the economic activity and human consciousness and all of the parameters of the economic calculus to get the desired result.


चिन्तामपरिमेयां च प्रलयान्तामुपाश्रिता: |
कामोपभोगपरमा एतावदिति निश्चिता: || 11||
chintām aparimeyāṁ cha pralayāntām upāśhritāḥ
kāmopabhoga-paramā etāvad iti niśhchitāḥ

They obsess with endless anxieties that end only with death. Yet, they remain assured that gratification of desires and accumulation of wealth is the ultimate objective of life.

The verse from the Bhagvad Gita is the substratum of what religious or cultural economy explicates in terms of material and non-material (Spirituality) pursuits of life. Religious Economy or cultural economy as a concept bridges the corporeal, worldly and the transcendental or intangible aspects of human existence.

Pubic Administration literature also identifies the two dimensions through the hierarchy of needs. It suggests that the attainment of basic physiological needs of food and shelter is followed by security needs which are fulfilled by financial gains. Having achieved these needs, man tends to move into the realm of self-actualization which we refer to spirituality, thus making it imperative to understand that human consciousness does not cease to exist on obtaining wealth. Rather, it constantly impels man for more, which could be misunderstood as material urge. It is this cycle of psychological, security and spirituality need that becomes the principle of humanity.

Spiritual Economics (Religious and cultural) analyses economic behaviour as a function of human consciousness, and explains the development of consciousness using concepts from the Vedas and Bhagvad Gita.

Within the framework of the Sustainable Development Goals (SDGs) adopted in September 2015 by the United Nations, the international development agenda refers to culture for the first time. This has been lauded by UNESCO as “an unparalleled recognition”. The safeguarding and promotion of culture is an end in itself, and at the same time it contributes directly to many of the SDGs (5,8,10,11,17)— safe and sustainable cities, decent work and economic growth, reduced inequalities, the environment, promoting gender equality and peaceful and inclusive societies, Revitalize the global partnership for sustainable development. The indirect benefits of culture are accrued through the culturally-informed and effective implementations of the development goals.

The SDGs enshrine a conceptual shift in thinking about development beyond economic growth — envisioning a desirable future that is equitable, inclusive, peaceful, and environmentally sustainable. This bold vision demands creative approaches, beyond the typical linear and sectoral ones that most countries have been used to in recent decades.

If the SDGs are grouped around the economic, social, and environmental objectives as the three pillars of sustainable development, then culture and creativity contribute to each of these pillars transversally. The economic, social, and environmental dimensions of sustainable development, in turn, contribute to the safeguarding of cultural heritage and nurturing creativity.

Cultural heritage — both tangible and intangible — and creativity are resources that need to be protected and carefully managed. They can serve both as drivers for achieving the SDGs as well as enablers, when culture-forward solutions can ensure the success of interventions to achieve the SDGs.

Therefore, to delve into such a convergent discipline, we firmly believe that Indian states as a place, owing to its rich and varied historical, cultural and economic attributes would do justice to this conclave.

Tentative Sessions: –

  • SDG and GDP through cultural renaissance
  • Dharmik Development and sustainability
  • Religious conflicts and resolution
  • Religious places and government monitoring
  • Tourism, Heritage, Pilgrimage and investment
  • Indic Culture: institutions and NEP
  • Inclusive growth: Tribes, Tradition, Technology
  • Cinema, content Indian History
  • Organic India and wellness tourism
  • Tourism & Ayush
  • Village tourism, Punchayat & Museum
  • Role of history and heritage in GDP
  • Indian History and cultural growth
  • Humanitarian Economics and consciousness
  • Economics of scale in pilgrimage and heritage
  • Cultural Heritage of Child Rights

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Gujarat:Arsha Vidya Mandir/Anand Niketan Trust Near Saurashtra University Munjaka, RAJKOT - 360005 INDIA

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New Delhi-110002

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