Question

Socialism in India means ___________________ (state ownership of all industries/ state’s major role in economy/equal distribution of wealth).

Answer 1

Answer:

Socialism in India is a political movement founded early in the 20th century, as a part of the broader Indian independence movement against the colonial British Raj. The movement grew quickly in popularity as it espoused the causes of India's farmers and labourers against the zamindars, princely class and landed gentry. Socialism shaped the principal economic and social policies of the Indian government after independence until the early 1990s, 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.