Wednesday, May 20, 2009

Manmohan Singh Says New Government Revive Growth - May 20, 2009

Dr Manmohan Singh who is set to become Prime Minister of India for the second term after a thumping victory of the Congress-led UPA government in election on Tuesday, 19 May 2009, said the new government will revive economic growth and make it even more inclusive. Dr Singh said daunting challenges lay ahead as the global economy is passing through difficult times.

The Congress party today elected Dr Singh as leader of its parliamentary party today, a formal stamp for Singh to take charge as prime minister for a second consecutive term.

A clear mandate for the Congress-led United Progressive Alliance (UPA) has boosted hopes a strong coalition would be able to push through economic reforms that would boost foreign investment.

The Congress-led UPA government got a near-majority mandate in the recently concluded parliamentary election. The strong performance of UPA in election defied predictions of a tight election and was only about 11 seats short of an majority from the 543 seats at stake. Congress' alliance took 261 seats, sweeping aside its nearest rival, the bloc led by the Hindu-nationalist Bharatiya Janata Party (BJP), which won only 159 combined.

Congress, which alone won 205 seats, needs a handful of partners to reach the 272 seats needed to take power, and is expected to seek the support of more smaller parties or independents.

No comments: