Shroff also highlighted the multifarious roles played by the Supreme Court and how the interpretation of the Constitution affected the nation’s economic journey between 1947 to 1991 and thereafter till 2022.
He said that in 1947, the Constitution framers had extensive debates on the role envisaged for the State; be it the right to property, role of the State in businesses through nationalisation or privatisation and taxation or regarding federalism and the role of the Centre and states on legislating upon matters of commerce.
“There is also a strong interconnection between our constitutional values and economic purposes. Whether it is employment, wealth distribution, food, safety, defence, healthcare, every need of the citizen has an economic and business angle. Even the State has a high dependence on the economy, and hence relies on the private sector to deliver,” Shroff said.
Source: Barandbench
