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Questions
How does India uphold socialist principles?
India as a socialist.
Long Answer
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Solution
- India upholds socialist principles by committing itself to social, economic, and political justice for all its citizens.
- Although the Indian Constitution reflected the spirit of socialism from the beginning, the word ‘Socialist’ was officially added to the Preamble through the 42nd Amendment in 1976.
- India aims to end all forms of exploitation and ensure fair distribution of income, wealth, and resources. These goals are achieved through peaceful democratic methods and constitutional policies.
- Today, India practices socialism alongside a liberal and competitive economic system, focusing on human welfare and inclusive development.
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Industrial Revolution - Comparative Study of Socialism and Capitalism
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