Day 75 – Q 4. Indian Constitution calls India a Socialist state. How is India’s governance different from other Socialist nations? Explain with the help of examples.
4. Indian Constitution calls India a Socialist state. How is India’s governance different from other Socialist nations? Explain with the help of examples.
Socialism is an ideology that has a range of economic and social systems characterised by social proprietorship and democratic control of the means of production as well as the political beliefs, theories, and movements that aim at their formation.
Difference in India’s governance as compared to other socialist nations:
- Multiparty system- India has a multi party system whereas other nations have single party system.
- Ownership- Socialist nations like erstwhile USSR had complete ownership over resources whereas in India government owns only certain critical areas.
- Economic planning- Socialist nations like USSR work by making economic plans through a central planning authority. India has recently abolished planning commission.
- Competition- Having a mixed economic model, in India there is presence of competition between private players along with government. This is absent in case of socialist nations like Venezuela or Cuba.
- Role of government- Government does take decisions for the nations, but these are greatly influenced by the pressure groups that operate in interest of private players.
Socialism has been mentioned in the preamble and is exemplified through Directive Principles of State Policy and certain fundamental rights. Indian model has taken all positives of socialism along with necessary attributes of capitalism to form its unique economic and political model.
Best answer: Point_Nemo