Stable UPA govt providing strength to Indian economy: FM

Finance Minister P Chidambaram on Tuesday rejected media analysis that the 'hope' of a stable government after elections is bringing in investments and driving up the capital market and the value of rupee.

He maintained it is not 'hope' but the 'fact' of a stable government provided by United Progressive Alliance and the numerous measures taken in the last 18 months that have provided stability and strength to the Indian economy.

"I am amused to read in some sections of the media that it is the 'hope' of a stable government that is bringing in investments and driving up the capital market and the value of the Rupee.

"It is not 'hope', but the 'fact' of a stable government provided by the UPA and the numerous measures taken in the last 18 months that have provided stability and strength to the Indian economy," he said.

Chidambaram, who is on a campaign in Sivaganga in support of his son Karti in Lok Sabha elections, said, "If there is any hope that is driving the market, I believe it is the hope that the new government will follow the 10-point agenda that I had spelt out in my Interim Budget speech on 17.2.2014".

The minister said, "I can assure the people and the investors that a Congress-led government will faithfully implement the ten-point agenda".

Image: P Chidambaram; Photograph: Reuters