Following the victory over confidence motion in parliament the UPA government will go ahead with economic reforms in the country. This is, categorically, said by union finance minister P Chidambaram said on Tuesday. The government has absolute majority of 272 in the parliament and left parties are not there to pull the legs of government.

Chidambaram hoped that the growth rate of economy will remain at 7-8 percent in 2008-09 despite of inflation rate of 12 percent and ever growing prices of crude oil. He emphasized to adopt Chinese growth model to make India super power.

The growth rate was of 9.1% in 2007-08 at the start of the Eleventh Five Year Plan. FM said that about 3.64 crore farmers, including 2.98 crore small and marginal ones got the benefits of loan waiver scheme of government. The government has spent to Rs 66,477 crore on this scheme to help the debt-ridden farmers in the country.

He was excited over agricultural growth rate for current fiscal due to governmental policies toward farm sector. He also took credit of huge grain production during his speech in Lok Sabha.

Explaining nuclear deal he said that the 123 Agreement is a Treaty and the Hyde Act is an internal law. He regretted that some people want china to become world power but don’t let India to become a developed nation. He was clearly indicating toward left parties.