US-based think tank has expressed hope that the new Congress-led United Progressive Alliance government in India will push economic reforms further, besides providing a 'stable' alliance to the US in South Asia.
The election results in India are 'important because of the impact they will have on reforms, on the ability of the government to push reforms forward, bring India back as a real driver of global growth and in its dealings with the situation in Pakistan,' head of the Chicago Council on Global Affairs said.
Marshall Bouton, council president, in an online interview said that over the last couple of years, the Indian government had been 'hamstrung' by its alliance with Left in pushing economic reforms further.
"They (Indian government) will no longer depend on the Left parties. It is good news for all of us because India will resume its 8 or 9 per cent growth sooner rather than later as a result," Bouton said.