Preamble of the constitution of India

Following is the preamble of the constitution of India. I wonder, how relevant is the preamble and the constitution, today. Is India truly a socialist while we opened up our economy?

Are we democratic in its true sense? Is there LIBERTY of thought, expression, belief, faith and worship? Do we experience EQUALITY of status and of opportunity?

The political class and those who are in power made fun of the constitution and its spirit by their shameful actions.

THE CONSTITUTION OF INDIA

Preamble

WE, THE PEOPLE OF INDIA, having solemnly resolved to constitute India into a [SOVEREIGN SOCIALIST SECULAR DEMOCRATIC REPUBLIC] and to secure to all its citizens:

JUSTICE, social, economic and political;
LIBERTY of thought, expression, belief, faith and worship;
EQUALITY of status and of opportunity; and to promote among them all
FRATERNITY assuring the dignity of the individual and the [unity and integrity of the Nation];

IN OUR CONSTITUENT ASSEMBLY this twenty-sixth day of November, 1949, do HEREBY ADOPT, ENACT AND GIVE TO OURSELVES THIS CONSTITUTION.