Equality of Income in Socialist Economy
Socialist economies aim to achieve equality of income by redistributing wealth through state ownership of key industries and resources, as well as through progressive taxation policies. This helps to reduce income inequality and ensure that everyone has access to basic necessities.

Social Justice in Indian Planners' Choice of Socialist Economic Model
Indian planners chose the socialist economic model to ensure social justice for all citizens. This decision was influenced by the need to address the vast income disparities and economic inequalities that existed in the country. By implementing socialist policies such as land reforms, nationalization of industries, and welfare programs, India aimed to create a more equitable society where everyone had access to opportunities and basic amenities.

State Intervention for Social Welfare
Under the socialist economic model, the state plays a central role in regulating the economy and ensuring that wealth is distributed more equally among the population. This intervention is necessary to prevent exploitation and ensure that resources are used for the benefit of all, rather than a select few.

Challenges and Criticisms of Socialist Economy
While socialist economies aim to achieve equality of income, they often face challenges such as inefficiency, lack of innovation, and bureaucratic red tape. Critics argue that excessive state control can stifle economic growth and individual initiative. However, proponents of socialism argue that the benefits of a more equal society outweigh these drawbacks.
In conclusion, Indian planners chose the socialist economic model to promote social justice and reduce income inequality. While there are challenges associated with this approach, the goal of achieving equality of income remains a key priority for socialist economies.