Polity & Governance2021
Under the Indian Constitution, concentration of wealth violates
Explanation
Under the Indian Constitution, concentration of wealth violates the Directive Principles of State Policy, particularly Article 39(b), which directs the State to distribute resources to ensure equitable distribution and prevent the concentration of wealth. These principles, enshrined in Part IV of the Constitution, aim to establish social and economic justice, promoting the idea that wealth should be utilized for the common good rather than being concentrated in a few hands. Thus, the Directive Principles serve as a guiding framework for the State's policies to achieve a more equitable society, reflecting the commitment to reducing economic disparities.
