Socialism in India

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Socialism in India is a political movement founded early in the 20th century, as a part of the broader movement to gain Indian independence from colonial rule. The movement grew quickly in popularity as it espoused the causes of India's farmers and labourers against the zamindars, the princely class and the landed gentry. After independence and until the early 1990s, socialism shaped some economic and social policies of the Indian government, although they mostly followed the principles of dirigisme.[1][2] After this period, India moved towards a more market-based economy. Though, India is officially declared a socialist state as per the constitution.[3][4]

  1. ^ Chandrasekhar, C. P. (2012), Kyung-Sup, Chang; Fine, Ben; Weiss, Linda (eds.), "From Dirigisme to Neoliberalism: Aspects of the Political Economy of the Transition in India" (PDF), Developmental Politics in Transition: The Neoliberal Era and Beyond, International Political Economy Series, London: Palgrave Macmillan UK, pp. 140–165, doi:10.1057/9781137028303_8, ISBN 978-1-137-02830-3, retrieved 4 September 2020
  2. ^ Mazumdar, Surajit (2012). "Industrialization, Dirigisme and Capitalists: Indian Big Business from Independence to Liberalization". mpra.ub.uni-muenchen.de. Retrieved 4 September 2020.
  3. ^ "Article Preamble, Section Preamble" (PDF). Constitution of the Republic of India. 26 November 1949. Archived from the original (PDF) on 9 September 2014.
  4. ^ "The Constitution (Forty-second Amendment) Act, 1976". India Code. Archived from the original on 28 March 2015. Retrieved 14 April 2014.