Bhagavad Gita and Hindu modes of capitalist accumulation in India

Abstract

Purpose The paper aims to understand and expand the idea of capitalist accumulation process from social structures of accumulation theory to religious structures of accumulation within the Indian context. It analyses the philosophical tenets of Hindu religious philosophy as outlined in the Bhagavad Gita. It argues that the ideological narratives within the Bhagavad Gita are concomitant with the logic of capitalism. Design/methodology/approach The paper draws its methodological lineage to nonlinear historical narrative around the concept and construction of Asiatic modes of production debate. The paper follows discourse analysis to locate how the Hindu religion as outlined in Bhagavad Gita provides philosophical foundation to capitalism in India. Findings The Bhagavad Gita (Songs of God) gives social and spiritual legitimacy to a specific form of production and accumulation processes by rationalizing and justifying socio-economic stratification based on eternal inequality. The paper focuses on the interface between cardinal principles of Hindu religion as outlined in the Bhagavad Gita and capitalist modes of social and economic processes in India. Originality/value The paper aims to advance a new concept called “Hindu modes of accumulation” by advancing the theoretical understanding of the theological processes in the Hindu religion, which reinforces capitalism and capitalist social relations in India.