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PSIR Optional PYQ Solutions · Model answer
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"Socialist" entered the Preamble through the 42nd Amendment (1976). Fifteen years later the New Economic Policy of 1991, launched by the P. V. Narasimha Rao government with Manmohan Singh as Finance Minister, dismantled the licence-permit regime and opened the economy through liberalisation, privatisation and globalisation. Whether the word is now obsolete depends on what it…
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