Write a debate (favour or against) on the topic ‘India still abides by the socialist ideals set out in the
Preamble
Answers
The Preamble of the Constitution describes India as the Socialist state. The debate now arises whether 'India still abides by the socialist ideals set out in the preamble' or not.
The arguments in favor include :
1. The big industries and companies are still under the control of government.
2. Resources of the nation are under the control of government.
3. We see many quota, licenses, permits, price controls, restrictive labour laws, progressive tax slabs are under the control of state.
4. Business and markets are closely under the surveillance of state.
5. Directive Principles of state Policy which are socialist in nature are more focused now.
The arguments in against include :
1. Now a trend of privatization of big industries started.
2. Even public supplies like electricity are being privatized now.
3. India's half of wealth is concentrated in few hands like Ambanis, Tatas etc.
4. Market is open and foreign investment is more being focused now.
5. Government now-a-days supports industrialists more and more.