Chief Justice D.Y. Chandrachud, in a recent Supreme Court judgment, referenced the historical shift in India’s economic policies from socialist dogmas to liberal market reforms. This shift implies that:
1
The state can acquire any property that serves economic growth.
2
The judiciary should uphold property rights unless acquisition serves essential public interest.
3
Socialist economic policies are obsolete in India’s governance.
4
The Constitution allows the state to nationalize all private property for common good.