The ideas and contribution of Swami Vivekananda on the economy appealed to the author of the present paper to explore his vision of Economics and its relevance to the present-day Indian situation. India is a multicultural country with different social identities formed from varying cultural norms, religiou-politics, linguistic differences, and caste-based segregation. As a great visionary, his intimate knowledge of the Indian situation, wide experience across different countries, and keen intellect influenced him to develop new insights on economics. Therefore the ideals of Swami Vivekananda to economic development is highlighted and acknowledged in the present paper

The economic development of a country cannot be achieved without the global orientation. Global development is multidimensional and multilateral and it transformed many countries. Emerging Market and Development Economies shifted the geographical landscape and new growth centers have come up and now the paradox is whether these developments are identical with the countries and people. The literature shows that the global economy was expanding with falling unemployment and brought inequality among countries. International cooperation, world tax, and migration governance is increasing and it brought new challenges. India and a few developing countries have a unique position as a global player in the knowledge-based sectors. Technology has changed its trajectory and robotics and machine intelligence would significantly replace labour in the future. The countries like India and China have grown faster than the OECD average. However, the impending ricochet in global GDP growth is doubtful as slow growth and trade tensions are observed in the world. Such global trade tensions may be avoided if the countries respect multilateralism. The current condition of the global manufacturing activity, lower business spending, lesser consumer purchases of durable goods, passive final demand, muffled inflation and trade tensions need to be addressed. The world output discussed in this paper shows that for the periods 2020 and 2021 it is not favourable for the emerging market and developing economies. The assessment of the global economic situation portrays that the global economic realignment is unfavourable to the emerging market and developing economies in particular and other economies in general. This necessitates for an appropriate policy formulation to contain the declining trend otherwise global equality cannot be achieved and results in furthering of geopolitical and bilateral and multilateral trade tensions in the future.

The world has a renowned history of witnessing thousands and thousands of people being killed to establish the superiority of race and ethnicity. There have also been battles to establish superiority over geographical boundaries. The repercussions these battles have brought are humongous. They have partially or completely altered the traditions and customs of the defeated sect. This kind of a forced transformation is happening from time immemorial. The major change in one’s culture and tradition is brought because of ethnic cleansing. The poem A Different History by Sujatha Bhatt high-lights a different history that was created without any reinforcement or threat or to be precise, it did not happen through the conventional ways. How could such a mammothian change be brought in a vast country like India? The article tries to explore it with Bhatt’s poem as a reference.