Strategic Management in The Mauryan Era: Insights On Economic Prosperity And Governance From Arthashastra

Purpose: This study analyzes the economic and governance framework of the Mauryan Empire through the Arthashastra. These practices and strategies enable reflection about how these antique ideas have informed contemporary governance, economic policies, and strategic management on optimal uses of resources, strategic resource management, and foundations for modern statecraft. Design/Methodology/Approach: Qualitative Comparative Research Design based on hermeneutic traditions is used to interpret Kautilya's Arthashastra. Ancient economic, governance principles, and strategic management are compared with modern policies. The data for the research are collected through secondary sources, which are scholarly works and translations of Arthashastra. To identify important themes in both ancient and modern governance, thematic analysis is carried out. Results: The present study examines the importance of Kautilya's Arthashastra to modern governance and economic strategies especially in central administration, taxation, and agriculture. The study also underscores strategic management, which has the principles for resource optimization, leadership, and decision-making that continue to shape the modern policies of India. Conclusion: Emphasizing Kautilya's economic strategies, ranges from the management of resources to taxing and central authority. Contrasted with modern programs are financial inclusion and GST, though difficult to adopt, the principles combined with strategic management concepts like optimization of resources and leadership have proven relevant for current economic growth and governance. Originality/Value: This study introduces a fresh perspective on Kautilya's governance and economic policies through the Arthashastra, which is relevant to the current economic growth and governance in India. These are embedded within the concepts of resource optimization, leadership, and the structure of the organization in terms of strategic management principles.