Telugu Desam Party (TDP) chief N. Chandrababu Naidu on Wednesday said he was confident that a Third Front would form the next government after the 2014 general elections.
Addressing media persons here, Naidu said that both the Congress and the Bharatiya Janata Party (BJP) were worried about the possibility of a Third Front forming the next government.
"If you go through both parties, one is the Congress, it is diminishing, the BJP is not picking up. Naturally, there is every possibility for a Third Front," Naidu said.
"Telugu Desam Party is going to take lead and we will work in that direction," he added.
India's communist parties and regional Samajwadi party-which until now has provided outside support to the UPA government - have in past hinted at joining hands for next year's parliamentary elections.
A series of high-profile scandals have eroded trust and stymied policymaking in Prime Minister Manmohan Singh's administration in recent months.
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A string of billion-dollar scandals has sparked widespread anger against the government.
The corruption saga has dented investor confidence and smothered reforms such as on land acquisition that could help maintain the momentum of one of the world's fastest-growing economies, which has showed signs of slowdown.
Commenting on the spot-fixing saga, the money spinning Indian Premier League (IPL), Naidu called it vulgar and degrading.
"Today, if you see IPL, it is a big scandal. Even sports they are playing with players, where are we going? Values are falling and also misuse. You see, the operations also, it is totally vulgar. So we want to be very clear, if you control illegal money, either corrupt money, criminal money and also black money, then naturally India will be purified and also will have a bright future," Naidu said.
The Delhi police had earlier arrested Indian cricketer Shanthakumaran Sreesanth, Ajit Chandila and Ankeet Chavan along with 11 bookmakers on suspicion of spot fixing in IPL matches.
No sooner than the trio was arrested, the Board of Control for Cricket in India (BCCI) immediately suspended them.
The three cricketers of Rajasthan Royals Sreesanth, Chandila and Chavan have been accused of taking money to concede a certain number of runs in a particular over.
Legal sports betting in India, is confined to horse racing while illegal betting syndicates thrive in the absence of a law dealing specifically with such corruption in sport.