India, the nation that got independent after years of shed of blood and tears of glorious freedom fighters, aimed to evolve into a society free of all sorts of inequalities in the society. ‘Socialism’ was an apparent way to bridge the economic rift that existed between the elite class and the people in the grip of poverty. So it was back in the year 1976 when the term ‘Socialism’ found its place in the auspicious ‘Preamble’ of the ‘Constitution of India’. However, being a newly independent country, it would have been difficult to incorporate the model of socialism to the extremities, so it was taken care that the model of socialism (Democratic Socialism), which was adopted in India, was suited to the situations prevailing in India.
This paper throws light on the concept and types of socialism (Marxian Socialism and Gandhian Socialism), the history of inculcation of socialism in the Indian Constitution with the same adaptive changes and it also discusses how Indian socialism deals with the ‘Right to Property’.