The party's politburo member Sitaram Yechury said his party along with other left and secular forces will continue to oppose the anti-people policies by the BJP-led government inside the Parliament.
"The overall economic situation of India is very bleak. Many of the previously decided policies or schemes for the poor have been watered down or reversed, which is not acceptable to us. Greater miseries of people are compensated (glossed over) by the communal agenda of BJP," Yechury told reporters here.
Yechury said all these steps are being taken to encourage the foreign companies at the cost of domestic industry, which is clearly visible from the government data released yesterday that industrial production saw the sharpest contraction in three years of 4.2 per cent in October.
"The Narendra Modi government is saying inflation is also falling. But it is falling because people are not purchasing as there is no money. During the festive season, sale of all consumer goods were down," he said.
He said falling in Index for Industrial Output (IIP) resulted job losses and the negative sentiment among common people is being diverted into communal passion, leading to rise in riots.