The study examines relevance of Gandhian principle of economic restructure in context of post LPG (Liberalization, Privatization and Globalization) reform in India. Study has also look into issue of use of heavy industrialization in which Gandhi was very much against. Data were analyzed using qualitative, analytical analysis i.e. various government report and documents. Study concluded that the LPG reform in India led to one directional concentration of wealth in hand of few big business houses