"We have decided to occupy the Israeli consulate on Friday to show our support for the Palestinian people. We urge the people of the country to boycott all Israeli products to financially weaken them," Samajwadi Party's Maharashtra unit chief and MLA Abu Azmi told reporters.
The decision was taken at a meeting attended by representatives from SP, CPI, CPI(M), Janata Dal (S) and Bharip Bahujan Mahasangh.
Azmi said the UN Security Council had failed to take effective steps to end the conflict which has resulted in a huge civilian casualties.
He criticised the NDA government for stalling adoption of a resolution by the Rajya Sabha condemning Israel's assault on Hamas-ruled Gaza strip and said it could result in "severe economic loss" for India.
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"The present day government is communal. Whenever there is a chance to stand up for Muslims, it opposes any move that could benefit the community. Here too they want to stay away and not interfere. If they show their communal face to the world, we can face a severe economic loss as India has friendly relations with many Muslim countries," he said.
Maintaining that it does not want to take sides in the conflict, the government had yesterday called for talks to end it but forestalled a resolution in the Rajya Sabha as demanded by the opposition.