DPSP are the principles of a welfare state in India. It is a unique blend of Gandhian ideals and the socialist ideology, western liberalism and Indian freedom struggle which talks about the commitment of the state towards its subjects. It seeks to create a balance between economic progress and competition on one hand and environmental sustainability and social and economic equity on the other. With the advent of LPG, function of government has changed from a regulator to facilitator and provides a laissez fair business environment to industries. DPSP vests government will the responsibility of equal distribution of wealth generated in globalized period.
Globalization is based upon competition and monopolization in the market with scant regards to human work environment, wages, gender sensitivity and labour concerns. DPSP seeks to prevent concentration of wealth and property in few hands, have provisions for providing a humane work milieu, equal wages for equal work for both men and women and increase quality of standard of living of workers. It also provides for participation of workers in management of industries for better harmonization between workers interest and industrial interest.
In addition to that globalization seeks best talent and most productive labour from the market having required skills and education. DPSP puts an obligation on the part of government to provide free, compulsory and quality education upto primary level and improve public health. That will help in the creation of a social infrastructure having wide knowledge base and a healthy productive force.
Further it obliges government to protect and improve environment and safeguard forest and wildlife in the era of indiscriminate exploitation and deforestation based globalization.
Hence DPSP still holds relevance in this globalised world for a better informed, productive, equity based and sustainable developmental model.