Economic instability is the main problem faced by most of the nation these days. Uncertainties and fluctuation are noticed within the economy and result into negative growth. Human well-being is not a priority at all. Multiple financial crisis, recession, and inflation are the main problems behind the suffering of common man. Unequal distribution of resources, dominance by developed nation, concentration of power in few hands, inappropriate government policies and geopolitical conflicts are the root cause of economic instability. This economic instability can only be corrected with the help of sustainable economic development. To promote the sustainability concept spirituality helps in many ways. Ancient Hindu scripture named ‘The Bhagavad Gita’ teaches human beings how to inculcate the concept of sustainability to live a life full of purpose and meaning. Further, to enlighten the whole world with the teachings of Gita related with sustainable economic development, this research article has been planned. The main objective of the study is to highlight the main teachings of the Bhagavad Gita associated with spiritual economics and how these teachings can help to solve economic problems. This study is descriptive in nature and based upon secondary data. The study concluded that it is the responsibility of the businesses, government, and financial institutions to popularize this concept by set their own example while taking decisions about society as a whole. This definitely helps to up-grade the human capital and will be used as competitive advantage in this competitive materialistic world.
Keywords: Sustainable Economic Development, Spiritual economics, Sustainability, Bhagavad Gita, Economic growth and Problems