It said in a statement that ever since Narendra Modi became the prime minister in May 2014, there had been growing communal polarisation as well as growing economic burdens on the people.
"All the apprehensions about the BJP, an avowedly rightwing communal party coming to power at the centre as the political arm of the RSS (Rashtriya Swayamsewak Sangh), have come true in the past one year.
"The BJP government has sought to systematically implement the RSS agenda.
"It has infiltrated known RSS men into higher educational institutions, commuanlise curriculum. The latest incident is the so-called overhauling of the Indian Council of Historical Research (ICHR) where internationally reputed Indian historians have been forced to quit.
"The government has refused to take action against its ministers and MPS who have through hate speeches sought to incite people and communally polarize them. Growing incidents of communal clashes and riots are being reported from various parts of the country," the statement added.
The Communist Party of India-Marxist said during the the last one year, massive economic burdens had been imposed on the people.
"Two massive hikes have been made in petrol and diesel prices within a span of two weeks. Apart from adding to the overall inflationary spiral, this constitutes a criminal attack on rural India particularly farmers who are battling a series of bad weather conditions during the last one year.
"Unseasonal rains have ruined standing crops and it is estimated that 180 million hectares of agricultural crops has been affected. Consequently, incidence of distress suicides by farmers is growing."
The party condemned "the utterly callous attitude displayed by the BJP government in addressing the concerns of the farmers who have suffered heavy losses".
It said the BJP government was aggressively pursuing the neo-liberal economic policies of the erstwhile Manmohan Singh-led UPA government.
"During the last one year, the Modi government has been pursuing nakedly pro-big business policies and enticing foreign capital with massive concessions.
"This will further deepen social inequalities and intensify the exploitation of the working people.
"It is backtracking on many issues that it had opposed during the UPA government period like FDI in retail trade.
"Its backtracking on the Land Acquisition Bill is a classic case. It is only due to the combined opposition in the Rajya Sabha that the government was forced to send this Bill to a Joint Parliamentary Committee.
"The way the Modi government is undermining parliamentary democracy is unprecedented."
The CPI-M accused the Modi government of contemplating major changes in the labour laws of the country.
It said it will join with other Left and democratic forces to intensify protests in the coming days.