The new party which was formed by scattered socialists on May 28 here would also strive to mould the nation’s economy by providing inputs and infrastructure to agriculture and small industries.

Launching the party the national president, Bhai Vaidya asked the socialists to fight the onslaught of neo-imperialism working in the guise of neo-liberalism in India as well as in the world. He appealed them to carry forward the socialist legacy of Gandhi, Jay Prakash, Lohia, S.M. Joshi and Dr. B. R. Ambedkar. He also emphasized the need of organizational strength of the Party to fulfill this uphill task.

Former High Commissioner, M. P. and noted journalist  Kuldip Nayar, while addressing the conference, exhorted the delegates to re-interpret socialism and practice it in our daily life. “If you see that one person’s liberty is endangered and remain silent spectator that will be the death of your ideology” he said adding that fight for justice to the toiling masses and remain resolute to implement socialist policies when you will occupy seats of power.

Lingraj, President of Samajwadi Jan Parishad congratulated the delegates for forming the Socialist Party (India) and expressed hope that all socialist groups will join hands to strengthen democratic socialist movement in India.

Dr. Abhijit Vaidya, Chief of the Arogya Sena, Pune, announced that a purse of rupees one lakh will be presented to Bhai Vaidya, President, Socialist Party (India), on 9th August at a rally of the socialist activists of Maharashtra.

The political resolution was moved by Kishor Potanwar (Maharashtra) and seconded by B.C. Paul (West Bengal). The economic resolution was moved by Prof. Hanumantha (Karnatak) and seconded by Shri Girish Pandey, labour leader of UP. Resolution on international scenario was moved by Prof. Keshav Rao Jadhav (A.P.) and seconded by Rajsekhar Nair(Kerala). The last resolution about party’s program for next six months was moved by Onkar Singh, General Secretary and supported by Lalit Babar (Maharashtra).

After the merger of the Socialist Party into the Janata Party in 1977,  the demands for an independent Socialist Party in the country has been raised intermittently, particularly after the fall of the Janata Party Government in 1979. For some time many of comrades and activists have found from their experience that there is no alternative to the re-establishment of the Socialist Party and the new party is result of that thoughts.