NEW DELHI: Corporate India and investors hailed the UPA government's victory in the trust vote saying this should end the political instability and the focus should now be on economic reforms.The stock market showed upsurge, coinciding with the commencement of the debate on the confidence motion moved by the Prime Minister Manmohan Singh, as if reflecting the belief in the victory of the government.

The apex industry chambers welcomed the Prime Minster's victory in the confidence vote saying not only the government should push for economic reforms including the passage for the financial bills, but also take the nuclear deal to its logical conclusion, a move that should help India on the energy front.

The confidence of the India Inc in the government's victory was evident by the response that over 400 CEOs gave in a survey saying the UPA regime will sail through.Top officials of Indian banking fraternity said the development would augur well for the economy and the financial sector.

"We expect that in the next three months the major bills pending in Parliament including pension bill and banking reform bill will be pushed through," FICCI president Rajeev Chandrasekhar said immediately after the results of the trust vote were known.Congratulating the Prime Minister Assocham President Sajjan Jindal described the victory as "a vote to the future of India and pragmatic policy pursued by the UPA government for building strong India". Stating the political development has ended days of political uncertainty, CII Director General Chandrajit Banerjee said:

"It has come in as a much-needed relief for growth momentum of Indian economy." Ficci said its President Rajeev Chandrasekhar.Echoing the sentiments, PHD Chamber of Commerce President L K Malhotra said the victory would signal stability and continuation, which is good for the economy and the industry, as reforms initiated by government will continue.

"It will also signal a stint of reforms which have been debated such as insurance, pension funds and financial reforms," he added.Assocham President Sajjan Jindal said: "This goes on to prove that majority of people's representatives are all out to support the nuclear civil agreement for meeting India's energy needs."

This would ensure that the current government would be able to take up the unfinished agenda related to economic reforms and growth, he added.FIEO President Ganesh Gupta said the victory would help the nation in continuity of policies initiated by the UPA government for promotion of exports.Commenting on the government's win in the floor test, Videocon Group Chairman Venugopal Dhoot said, "It is a good thing that the government has won. India needs power and victory should help in making power available to farmers at cheap rates.

"US investment will be more in India now; already India has strong brand equity in the US and that will go up after this." Leading real estate player Parsvnath Developers's Chairman Pradeep Jain said: "This is a good thing because by this win the government will be able to take forward the nuclear deal." The nuclear energy coming here would help the country to sustain the GDP growth that it has achieved in the last few years, he added.

"In the next 8-10 months, I hope the government will do lots of good things by bringing in newer technology, which will make the country strong," Jain said.Hailing the victory, Ranbaxy CEO and Managing Director Malvinder Mohan Singh said: "I am glad that the House has been able to come to a decision. This takes away the political uncertainty." The broker community also expressed happiness over Manmohan Singh government's victory.