Ancient Wisdom for Modern Finance: Integrating Indian Knowledge Systems in Oil Industry’s Decision-Making

Abstract

This study looks at how financial decision-making in the oil industry is influenced by traditional Indian knowledge. Indian values—like Dharma (doing right), Artha (wealth generation), and Nyaya (justice)—are traditionally seen as guiding not only personal conduct but also business practices. Case studies and published literature are examined qualitatively in the study. The verdict is that traditional Indian knowledge offers a valuable, if challenging to incorporate, framework for not just improving corporate governance and risk management but also making the oil industry more sustainable. The article finishes by suggesting to both legislators and business leaders a few ways to blend the ancient knowledge with contemporary business practices.