{{Use dmy dates, date=October 2015
Socialist Party (Marxist) was a
Trotskyist
Trotskyism is the political ideology and branch of Marxism developed by Ukrainian-Russian revolutionary Leon Trotsky and some other members of the Left Opposition and Fourth International. Trotsky self-identified as an orthodox Marxist, a rev ...
political party
A political party is an organization that coordinates candidates to compete in a particular country's elections. It is common for the members of a party to hold similar ideas about politics, and parties may promote specific political ideology ...
in
India
India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...
. It was formed in 1954 by the Trotskyists inside the
Socialist Party
Socialist Party is the name of many different political parties around the world. All of these parties claim to uphold some form of socialism, though they may have very different interpretations of what "socialism" means. Statistically, most of th ...
, who broke away in protest against the merger of the Socialist Party and the
Kisan Mazdoor Praja Party
The Kisan Mazdoor Praja Party (''Farmer Worker People's Party'') was a political party of India. Established in 1951, it merged with the Socialist Party to form the Praja Socialist Party in the following year.
History
In June, 1951 Indian ...
into the
Praja Socialist Party
The Praja Socialist Party, abbreviated as PSP, was an Indian political party. It was founded when the Socialist Party, led by Jayaprakash Narayan, Rambriksh Benipuri, Acharya Narendra Deva and Basawon Singh (Sinha), merged with the Kisan Mazdoo ...