As we enters 68 th year of the Republic , the country is facing an all-round crisis . In every sphere of activity , the performance of Indian economy is showing deepening economic malaise . Any conceivable growth in one sector is only achieved at the expense of other sectors . The crisis has engulfed both the agricultural and industrial sectors . It has permeated to trade and financial activities . The continuing economic crisis is fueling political as well as social crisis .

The ruling classes that came to the power with the transfer of power , have failed to resolves the basic problems faced by the people . Despite the tall claims of emerging as an world power , India could not achieve industrialization that could sustain independent growth of its economy . The major stumbling block still remains is the existing feudal relation that deprive 70 per cent of population – peasant masses – their rightful share in the wealth they had created . Every step taken by the ruling classes in the name of rural development are only meant to prop up the feudal forces both economically and politically . The forced eviction of peasant from their lands – both through economic levers and by forceful acquisition of land – is only meant to facilitate penetration of imperialist capital into the agricultural sector . The growing suicides and pauparisation of peasants , the growing atrocities on the rural poor particularly dalits reflects the intensified contradictions in the rural India .

The second impediment to the independent development of Indian society is the domination of imperialism over India . During the last 70 years , the penetration of imperialist capital has assumed gigantic proportions and now it occupies commanding heights in the economy deciding every policy of the government . We are witnessing now the results of such a subservience to the imperialism - ever growing unemployment and poverty , closure of small and medium industries , growing burden of foreign debt that is sucking the economy white , wasting of national resources to quench the thirst of imperialist sharks but not to meet the basic needs of the people .

For the last seven decades , we have witnessed many peoples struggles demanding improvement in the conditions of life . We have also witnessed the response of the ruling classes only in the form of unleashing brutal repression or dividing people on the lines of caste , religion and regional feelings . We also witnessed the a spate of fake reforms and populist schemes to direct the peoples attention from their failure to resolve the basic contradictions of Indian society . A republic that promised an egalitarian society has failed on all counted to achieve its proclaimed ai .

A republic that proclaimed a federal political structure has failed to develop in that direction , Moreover , over the years it concentrated more powers in the centre . We have witnessed many