In fact, the Federation of Indian Chambers of Commerce and Industry (Ficci) will propose a 10-point agenda to Prime Minister Manmohan Singh tomorrow.
"We expect that in the next three months some major bills pending in Parliament, including the Pensions Bill and Banking Reforms Bill, will be pushed through," said Ficci President Rajeev Chandrasekhar.
"Once these reforms are undertaken, the confidence level which had been dropping over the last three quarters in our Business Confidence Survey will bottom out and will put the economy back into a growth trajectory," added Chandrasekhar.
Ficci said nearly 400 Indian companies will benefit from the India-US nuclear cooperation deal. "The go-ahead to the nuclear deal will signal the building of scores of nuclear plants on assured fuel supply.
This will trigger the participation of 200-odd companies that already have the capability to operate and maintain nuclear plants, but were put on the Entities List by the US in 2005. That list has since been pruned to about four, giving these 200-odd companies full play in nuclear power production," Ficci Secretary General Amit Mitra said in a statement.
Ficci expects another 200 medium and small industries to act as ancillary producers for the big companies operating the nuclear power plants.
Another industry body, the Confederation of Indian Industry (CII), said the UPA government's win will remove the uncertainty that has existed over the Indian economy. "The Indian economy will now see a surge in foreign investment as the clouds of uncertainty are gone. We believe that foreign investment will increase in the coming months in India," said Chanderjeet Banerjee, director general, CII.
The industry chamber also expressed confidence in the government's ability to push forward economic reforms in the coming session of Parliament.
Sajjan Jindal, president of the Associated Chambers of Commerce and Industry of India (Assocham), described it a "vote to the future of India and pragmatic policies pursued by the UPA government for building a strong India".
Assocham expects the UPA regime would now vigorously pursue people and industry-friendly reforms in its remaining tenure.
