Shift from welfare to free market economy: Journey of the Indian constitution and the role of the supreme court

Sushma Sharma; Shruti Bitoliya; Pankaj Kumar

doi:10.53730/ijhs.v6nS5.9691

Shift from welfare to free market economy

Journey of the Indian constitution and the role of the supreme court

https://doi.org/10.53730/ijhs.v6nS5.9691

Authors

Sushma Sharma Associate Professor, National Law Institute University, Bhopal
Shruti Bitoliya Assistant Professor, School of Law, Manipal University Jaipur
Pankaj Kumar Assistant Professor, School of Law, Manipal University Jaipur

Keywords:

market economy, supreme court, constitution

Abstract

There has been a series of incidences which triggered the movement from welfare economy to free market economy in India, but it is really difficult to comprehend them and to know which Supreme Court verdicts played important role in such a transition and what were the changes made due to that. It appears that the role of the Supreme Court is highly significant in the transition of the Indian Economic structure from Welfare to Free Market. This research work aims at finding the key judgements and jurisprudence of the Supreme Court of India regarding the said shift.

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References

K.P. Krishnan, “India's constitution and the economy” https://india-seminar.com/2013/642/642_k_p_krishnan.htm

Verma, S. K. (2000). Globalisation, Marketisation And Constitutional Mandate. Journal of the Indian Law Institute, 42(2/4), 395–408.

Ghosh, Arun. “State Intervention versus Free Market.” Economic and Political Weekly, vol. 27, no. 27, Economic and Political Weekly, 1992, pp. 1365–68, http://www.jstor.org/stable/4398578.

Abhay Thomas, “Transition of India from socialism to Capitalism” Legal service India https://www.legalserviceindia.com/legal/article-4895-transition-of-india-from-socialism-to-capitalism.html

Kustina, K.T., Dewi, G.A.A.O., Prena, G.D., Suryasa, W. (2019). Branchless banking, third-party funds, and profitability evidence reference to banking sector in indonesia. Journal of Advanced Research in Dynamical and Control Systems, 11(2), 290-299.

Published

25-06-2022

How to Cite

Sharma, S., Bitoliya, S., & Kumar, P. (2022). Shift from welfare to free market economy: Journey of the Indian constitution and the role of the supreme court. International Journal of Health Sciences, 6(S5), 4979–4986. https://doi.org/10.53730/ijhs.v6nS5.9691

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Issue

Vol. 6 No. S5 (2022)

Section

Peer Review Articles

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