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Why Study the Bhagavad Gita?
Gita-sugita kartavya
kim anyaih sastra-vistaraih

Praising the Bhagavad-gita, this verse says that the Gita has to be studied well, gita-sugita kartavya; what will you gain by studying other books in detail, kim anyaih sastra-vistaraih? This verse presents the Gita as a book to be studied, a book containing everything that one has to know through the scriptures [Vedas]. It doesn't belittle the efficacy or the necessity of studying other scriptural books; it only points out that the study of the Gita amounts to the study of other scriptures.

The source books of the spiritual wisdom [of India] are the four Vedas: rig-veda, yajur-veda, sama-veda, and atharva-veda. The Vedas are fulfilled in the last portion called Vedanta or Upanishads. Another famous Sanskrit verse likens these Upanishads to a cow and the Gita becomes the cow's milk: sarvopanisadogavah, dogdha gopala-nandanah partho vatsah sudhibhokta dughdham gitamrtam mahat. The Gita, the milk, is milked by Lord Krishna himself, who is presented as an avatar of the Lord in the Mahabharata and in the Bhagavata. He is the one who is teaching the Gita to Arjuna. Arjuna serves as the calf to whom the milk, the message of the Gita, is given.
What Constitutes a Scripture?
A scripture is something that has a message with a lasting, universal value. What is relevant now, may not be relevant later; nor may it have been relevant before. A scripture's message should be relevant to me as an individual and to you; it should be relevant to anyone at any time and place. Only when a message addresses certain problems that are always there for a human deing does it have lasting relevance. Because the Vedas and the Gita have that kind of a message, they are a scripture.
The Gita Contains Two Main Topics
The Gita is recognized and highly respected by the scholars and the devoted lay public in India because of its two main topics: yoga-sastra and brahma-vidya. Together they form the body of knowledge which is very important for every individual.
The knowledge meant to make a person mature as an individual is called yoga-sastra. A mature individual is one who is free from conflicts, fear, agitation, guilt, and hurt.
Brahma-vidya is knowledge of the whole, the knowledge that liberates a person. A person who has become mature by yoga has something more to accomplish - total freedom, generally called moksha. To know Brahman is to know the truth of oneself as the whole, as complete. The discovery of this fact frees you from all sense of limitation and isolation.

So the first message of the Gita, yoga-sastra, helps you to gain maturity as a person, as an individual. It helps one to become relatively composed, tranquil, alert and free - in short, a cheerful person. You are then fit to gain brahma-vidya, knowledge that you are the whole, knowledge that frees you from the notion of being a small, limited, mortal being. These two topics of the Gita, which form the very essence of all four Vedas, make the Gita a scripture with a message that is relevant for everyone.