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The Indian National Congress (often called the Congress Party or simply Congress, abbr. INC) is a political party in India with widespread roots.[16] Founded in 1885, it was the first modern nationalist movement to emerge in the British Empire in Asia and Africa.[a][17] From the late 19th century, and especially after 1920, under the leadership of Mahatma Gandhi, Congress became the principal leader of the Indian independence movement.[18] Congress led India to independence from the United Kingdom,[b][19][c][20] and powerfully influenced other anti-colonial nationalist movements in the British Empire,[d][17] making it one of the world's oldest active political parties.[21] The party has been overshadowed by the governments based on a haphazard mixture of Gandhism, socialism and capitalism. It stands for mixed economy and envisages a dominant role for the public sector. Its policies nationalized banks and insurance companies to curb monopoly and concentration of wealth.[22]
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