5. Why and when was the word "Socialist' added to the Preamble to the Constitution of
India ?
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The term 'Socialist' in the Preamble was added by 42nd Amendment Act, 1976. It seeks to bridge the gap between the rich and the poor by providing equal opportunities to them. It provides that the State has a responsibility towards citizen for their welfare, abolishing discrimination, nationalization of means of Production, equal distribution of wealth and securing Justice for all.
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