If at all socialism achieves something, it is rampant corruption. Socialism breeds corruption.
Socialism breeds laziness.
Transparency International lists India as the 8th most corrupt country. As expected, socialist and dictatorial regimes are among the most corrupt while capitalist countries are among the least corrupt. Socilaism also violates the freedom of people to start their own businesses. In a capitalist system, the rich get richer and the poor become poorer. The rich definitely get richer but the poor too become better off.