First and foremost the Swatantra Party committed to social justice and equality of opportunity of all people 'without distinction of religion, caste, occupation, or political affiliation'.
The party felt that progress, welfare, and happiness of the people could be achieved by giving maximum freedom to individuals with the state minimising intervention. The state should replace its intervention with fostering the Indian tradition of helping others in people.
In particular, the party believed that the state should adhere to the Fundamental Rights guaranteed by the Constitution of India and, in particular, should compensate individuals if their property had to be acquired for public purposes. It also believed in giving citizens full freedom to educate their children as they wanted.It recognised the need for increasing food production and sought to do that by giving peasants full land rights and incentives for increasing production in agriculture. In industry, it sought to reduce state presence only to the minimum necessary to supplement private enterprise and in national services like the Railways. It sought to do away with controls on trade and commerce. However, it committed against unreasonable profits, prices, and dividends. It believed in placing equal emphasis on the development of capital goods industries, consumer goods industries, and rural and small industries.In the fields of taxation and state expenditure, it believed in thrift and called that taxation should suffice for carrying on of administration and social and economic activities taken upon by the state but it should not depress capital formation and private investment. The government should also desist from running abnormally large deficits or taking foreign loans that are beyond the capacity of the country to repay. In particular, it resisted unnecessary expansion of the bureaucracy.
While standing for minimising state intervention in the economy the Swatantra Party committed to securing a fair deal for labour, correlating wages to increased productivity and workers' right to collectively bargain.It also gave their members full freedom to question and criticize any point not included in the fundamental principles of that party.
Party's fundamental principles had not covered several issues like foreign policy, national language, state reorganisation and religious and social reform.
The party was generally opposed to Communism and in 1969, urged the Indian government to ban the 3 major Communist parties in India at that time, namely the CPI, CPI(M) and the Naxalites due to their open or tacit support for armed struggles, which the Swatantra party viewed as a major security threat to the nation.
In foreign affairs, it opposed non-alignment and a close relationship with the USSR and advocated an intimate connection with the United States and Western Europe
