We the people are in the 21st century. The 21st century is commonly known as" The Era of development". Aren’t we know, leading for a disaster in this blind race of development? Amidst all sort of problems such as rapid population of growth, production and consumption, unemployment, poverty, racial discrimination, untouchability, economic inequality, social injustice, corruption. With present phase of globalization, which cannot be stopped the third world need to look into the evil effects of globalization. Industrialization is going to be curse for mankind. At present political, economic, social and moral rights as well as values are downgrading and exploiting. In the course of development we have to think of these problems and try to find out the solutions best suited to our needs. The best suited solutions for the above problems of contemporary world is to follow Gandhi's principles.