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Which of the following statements is/are correct regarding Indian Socialism?
1. Indian socialism is the form of State Socialism.
2. It is highly influenced by Gandhian Socialism.
3. Economic Reforms of 1991 strengthen the Socialistic values of Indian Polity.
Select the correct answer using the code given below:
  • a)
    1 and 2 only
  • b)
    2 only
  • c)
    1 and 3 only
  • d)
    1, 2 and 3
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Which of the following statements is/are correct regarding Indian Soci...
Statement 1 is incorrect: Indian socialism is a ‘democratic socialism’ (not a State Socialism) which supports the ‘mixed economy’ where both public and private sectors co-exist.
Statement 3 is incorrect: The new economic policy (1991) of liberalisation, privatisation and globalisation has, diluted the socialist credentials of the Indian State.
Indian Socialism
  • Indian socialism is a blend of Marxism and Gandhism, leaning heavily towards Gandhian socialism’.
  • Even before the term was added by the 42nd Amendment in 1976, the Constitution had a socialist content in the form of certain Directive Principles of State Policy.
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Most Upvoted Answer
Which of the following statements is/are correct regarding Indian Soci...
**Indian Socialism**
Indian socialism is a complex ideology that has evolved over time in the Indian political landscape. Here are the correct statements related to Indian socialism:
**1. Indian socialism is the form of State Socialism:**
- Indian socialism is often described as a form of State Socialism where the state plays a significant role in the economy by owning key industries and regulating private enterprise.
- The government intervenes in the market to ensure social justice, reduce income inequality, and provide basic necessities to all citizens.
**2. It is highly influenced by Gandhian Socialism:**
- Indian socialism has been deeply influenced by the principles of Mahatma Gandhi, known as Gandhian Socialism.
- Gandhian Socialism emphasizes self-reliance, village-based economy, decentralization, and community welfare. These principles have shaped the socialist values in the Indian polity.
**3. Economic Reforms of 1991 strengthen the Socialistic values of Indian Polity:**
- Contrary to the statement, the economic reforms of 1991 in India, also known as liberalization, privatization, and globalization (LPG), marked a shift away from traditional socialist values.
- These reforms aimed at opening up the Indian economy, reducing government control, promoting private enterprise, and integrating India into the global economy. This move towards a more market-driven economy diluted the socialist values in the Indian polity.
Therefore, the correct answer is **2 only** as Indian socialism has been influenced by Gandhian principles but has seen a shift away from traditional socialist values post the economic reforms of 1991.
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Which of the following statements is/are correct regarding Indian Socialism?1. Indian socialism is the form of State Socialism.2. It is highly influenced by Gandhian Socialism.3. Economic Reforms of 1991 strengthen the Socialistic values of Indian Polity.Select the correct answer using the code given below:a)1 and 2 onlyb)2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?
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Which of the following statements is/are correct regarding Indian Socialism?1. Indian socialism is the form of State Socialism.2. It is highly influenced by Gandhian Socialism.3. Economic Reforms of 1991 strengthen the Socialistic values of Indian Polity.Select the correct answer using the code given below:a)1 and 2 onlyb)2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following statements is/are correct regarding Indian Socialism?1. Indian socialism is the form of State Socialism.2. It is highly influenced by Gandhian Socialism.3. Economic Reforms of 1991 strengthen the Socialistic values of Indian Polity.Select the correct answer using the code given below:a)1 and 2 onlyb)2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is/are correct regarding Indian Socialism?1. Indian socialism is the form of State Socialism.2. It is highly influenced by Gandhian Socialism.3. Economic Reforms of 1991 strengthen the Socialistic values of Indian Polity.Select the correct answer using the code given below:a)1 and 2 onlyb)2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?.
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