Disinvestment Policy — Policy Reforms

Entry	Year	Description	Impact
N/A	N/A	The Disinvestment Policy itself is an executive policy decision and not a constitutional amendment. However, the broader economic liberalization framework, which enabled disinvestment, was a policy shift rather than a constitutional amendment. The 42nd Amendment Act, 1976, which inserted 'Socialist' into the Preamble, initially reinforced state control, but subsequent economic policies, including disinvestment, represent an evolving interpretation of this principle in a globalized context.	While no direct constitutional amendment governs disinvestment, the evolving interpretation of Directive Principles (Articles 39(b), 39(c)) and Fundamental Rights (Article 19(1)(g)) has provided the constitutional space for the government to pursue such economic policies. The shift from a state-centric model to a more market-oriented one, facilitated by disinvestment, reflects a dynamic understanding of the 'common good' and economic development within the constitutional framework.