The Congress Socialist party was founded by Ram Manohar Lohia.

Explanation:

The Congress Socialist Party (CSP) was a socialist political party in India. It was founded on May 17, 1934, by a group of socialist leaders within the Indian National Congress. The party emerged as a left-wing faction within the Congress and sought to promote socialist ideals and principles.

The founding members of the Congress Socialist Party included prominent socialist leaders such as Acharya Narendra Dev, Jayaprakash Narayan, and Ram Manohar Lohia. These leaders believed in the principles of socialism, which advocated for the equitable distribution of wealth, social justice, and the welfare of the working class.

During the early years of its formation, the Congress Socialist Party faced opposition and resistance from the more conservative elements within the Indian National Congress. However, the party continued to grow and gather support among the youth and the working class.

Key Objectives of Congress Socialist Party:

1. Socialism: The Congress Socialist Party aimed to establish a socialist society in India, where the means of production and distribution would be owned and controlled by the state or the community as a whole. They believed that socialism would lead to a fairer and more just society.

2. Workers' Rights: The party advocated for the rights and welfare of workers, peasants, and other marginalized sections of society. They called for better working conditions, higher wages, and social security measures for workers.

3. Anti-Imperialism: The Congress Socialist Party actively opposed British imperialism and sought to liberate India from colonial rule. They believed that an independent India would have the opportunity to establish a socialist system that would benefit all its citizens.

4. Equality: The party emphasized the importance of social equality and fought against discrimination based on caste, religion, gender, and other social divisions. They believed in creating a society where everyone had equal opportunities and rights.

In conclusion, the Congress Socialist Party was founded by Ram Manohar Lohia along with other socialist leaders within the Indian National Congress. The party aimed to promote socialist ideals, workers' rights, social equality, and the liberation of India from British imperialism.