This paper exclusively shows the need for social justice and economic equity in India as a transformative vision of Dr B.R Ambedkar, highlighting his dream of bringing true democracy based on the principles of Liberty, Equality and Fraternity. Dr. B.R Ambedkar, through his writing and speeches, initiated a social revolution through the rights for uplifting the unprivileged and marginalised communities through legal, social and economic reforms. He believed that without socio-economic empowerment, political freedom has no meaning and is hollow. He advocated 'Affirmative action' through caste dismantling, labour reforms, land distribution, and state-led economic planning to bring justice and restructure Indian society. He did not work for one community but did try to bring social justice to marginalised communities, Women, labour, Minorities and economically oppressed classes. His vision remains deeply relevant in the present day as well as in India, where incidents are taking place that are hurting social justice and equity. This paper is a review-based paper discussing his legacy and the need for action for a just and equitable society.