The word ‘Socialist’ was not there in the Preamble to the Constitution in its original form. In 1976, the 42^nd Amendment to the Constitution incorporated ‘Socialist’ and ‘Secular’ in the Preamble. The word ‘Socialism’ had been used in the context of economic planning. It signifies major role in the economy. It also means commitment to attain ideals like removal of inequalities, provision of minimum basic necessities to all, equal pay for equal work.