How we can say that india is socialistic state
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India is a socialist country because its Constitution declares it as a socialist country in the Preamble. This and the word secularism were introduced into the preamble during the National Emergency from 1975 to 1977. This was done by the government without the consent of the opposition.
Resources in India were all owned by the government until 1991. Then liberalization reforms were brought in and private citizens were allowed to conduct business alongside PSUs. However the major PSUs have not been privatized like Coal Indiaa and the railways.....
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