New Delhi: Welcoming the ‘decisive verdict’ of the people in the Lok Sabha elections, Infosys co-chairman Nandan Nilekani has said that the UPA government in its second stint has been given a mandate for taking ‘bold’ reforms.
Commenting on the likelihood of the UPA returning to power, Nilekani said: “These people (UPA) are sincere and therefore they deserve a second chance.”
“It is a very decisive verdict. Also the message here is get on with bold steps, with bold reforms,” he said in his first comments on the trends that the counting of votes has thrown up.
“Let’s call it more of a national thing. At the end of the day, at the national level there is vote for stability, of vote for decisive government,” Nilekani said.
“Prime Minister Manmohan Singh, in his first term, may have been cowed down by the Left presence but in his second term he would have a free hand,” he said.
“This is the first time you have the advantage,” Nilekani said adding: “Also I think this time (for) the government there is no ideological barrier. In other words all the supporting allies have no ideological dispute with the Congress.”
Commerce minister Kamal Nath said that the UPA retaining power would see the stock markets reacting positively.
“The stock market is going to look at a responsible government under the leadership of Manmohan Singh. The Prime Minister knows the economy,” he said.
“The clear verdict for the pre-poll UPA alliance would mean little hang-up on key policy issues,” Nilekani said adding: “I think that advantage means they can really decide the agenda very quickly.“
Nath said that the Manmohan Singh government in the second term would have its task cut out for the economy in the context of the global situation.
“We are going to look at the economy in the context of the global economic situation, in the context of the Indian economic situation. About reforms, I think we have reformed. We are seeing how integrated the economies are,” he said.