The Concept of Socialism in Indian Constitution Analytical Study

Abstract

Socialism is the form of economy which aimed to establish economic equality, it is motivated with the concept of social justice, Socialism is embodied in the preamble and objectives of the Indian constitution. Socialism basically makes enable to state for establishing its ownership on the Industries, the main object of socialism to prevent exploitation of the people and promote the pious object of welfare state. The socialism is the only way to eradicate and abolish the line of division between poorer and richer. The socialism promote to concept of Nationalization. Indian Socialism is a political agitation founded early in the 20th century as a part of broader delegation to achieve Indian freedom from British rule. The movement developed soon popularly as it espoused the reasons of Indian farmers and labourers against the so called Zamidars, Princeley class and landed gently . Socialism shaped the principal economic and social policies of the Indian Government but mostly followed Dirigisme.1 After independence until the early 1990, when India moved towards a more market based economy. However it remains a potent influence on Indian politics, with many national and regional political parties espousing democratic socialism.