Dr Ambedkar’s was a multi-faceted and multi-dimensional personality who made a significant contribution to modern India society in the various facets of life. The present paper restricts itself to explain Ambedkar’s vision of a ‘good society’ which is one of the most important and least explored theoretical contributions of Ambedkar. It is important to understand his ideals of ‘good society’ and also his determined action and strategy which he employed in his lifelong struggle against different kinds of exploitation and hierarchy present in the Indian society. In Ambedkar’s vision of ‘good society, this paper examines the following two categories of thoughts: social democracy and reinterpretation of Buddhism both of which were central to his vision of good society