The Committee noted that big business houses were emerging because of the “planned economy” model practised by the Government and recommended looking at industrial structure, and whether there was concentration. Concerned with this, the Government appointed a Committee on Distribution of Income and Levels of Living (Mahalanobis Committee) in October 1960. However, even as the economy grew over the years after independence, there was little evidence of the intended trickle-down. Government policies were framed with the aim of achieving a socialistic pattern of society that promoted equitable distribution of wealth and economic power. Articles 38 and 39 of the Constitution of India, which are part of the Directive Principles of State Policy, mandate the state to direct its policy towards securing: that the ownership and control of material resources of the community are so distributed as to best sub serve the common good and that the operation of the economic system does not result in concentration of wealth and means of production to the common detriment.Īccordingly, after independence, the Indian Government assumed increased responsibility for the overall development of the country. The Constitution of India, in its essay in building up a just society, has mandated the State to direct its policy towards securing that end. This articles deals with Unfair Trade Practices in India as defined under Consumer Protection Act.
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