With Left out, the govt can push reforms easily: India Inc

NEW DELHI: Euphoric that a stable government is set to take office, India Inc today gave a thumbs up to the UPA and wished it would speed up reforms and spur the economy through policies as the Left is not there to block them.

Economists, market analysts and corporate honchos hailed the victory of the UPA, which, they felt, can take "bold" decisions without "hotch-potch" partners.

UB Group head MP Vijay Mallya said the victory of the UPA "is a vote for stability ... The UPA need not worry about hotch-potch partners. The Congress can clearly pursue its policies without the need to convince the Left".

While the apex industry bodies -- FICCI, CII and Assocham -- hailed the election results saying this is a mandate for stability and continuty of economic policies, investors are expecting a buoyant bourse on Monday, and the Sensex could go up by around 700 points.

The Prime Minister's Economic Advisory Council Chairman, Suresh Tendulkar, said, "Economic reforms would certainly be on top of the agenda of the government..."

Chief Economic Adviser Arvind Virmani said for returning to nine per cent economic growth, "we need to come out with additional fiscal reform measures..."

"The verdict of the people is clear ... The Left is left out. The UPA has a clearer mandate than (it) had during the last elections," Kejriwal Research and Investment Services Head Arun Kejriwal said.