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Article 43 of the Indian Constitution: Promotion of Cooperative Societies and Economic Democracy in the Modern Era

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Article 43 of the Indian Constitution: Promotion of Cooperative Societies and Economic Democracy in the Modern Era Introduction Article 43 of the Indian Constitution embodies the state's commitment to promote cooperative societies as a means to achieve economic democracy. It recognizes the importance of cooperative principles in fostering inclusive economic development, empowering marginalized sections, and ensuring equitable distribution of resources. In the current modern era, marked by evolving economic challenges and aspirations, it is crucial to discuss the scope, implications, and relevant case laws associated with Article 43. Understanding Article 43 Article 43 is a part of the Directive Principles of State Policy (DPSP) enshrined in Part IV of the Indian Constitution. It states that the state shall endeavor to promote voluntary formation, autonomous functioning, democratic control, and professional management of cooperative societies. Relevant Case Laws Shaping the Interpre...