May 17 - Indian Prime Minister Manmohan Singh tenders his resignation ending a ten-year run after Narendra Modi's victory decimates the ruling Congress party and the Nehru-Gandhi dynasty that has largely ruled India since its independence in 1947. Pavithra George reports.
A day after the ruling Congress party was ousted at the polls, India's prime minister Manmohan Singh headed to the presidential palace in capital New Delhi, to tender his resignation to President Pranab Mukherjee, ending a decade long tenure, marred by corruption and a floundering economy. The man, once credited with launching India's economic reforms in 1991, now hands the reins over to Narendra Modi - the former tea-seller who led the country's main opposition the Bharatiya Janta Party or the BJP to a landslide election victory. In New Delhi, a hero's welcome for India's next prime minister. As Modi's motorcade inched its way from the airport to the BJP's headquarters in central Delhi, jubilant supporters packed streets, waved party flags and chanting his name. The BJP's stunning win marks the first time in 30 years that India will have a majority, single-party government, ending a long-era of coalition governments that have ruled the world's largest democracy. Which means - unlike Singh, Modi will not have to deal with unruly partners as he implements a new phase of economic reforms. Supporters hope Modi's victory will propel India on to the world stage (SOUNDBITE) (Hindi) A LEADER OF INDIA'S HINDU NATIONALIST BHARATIYA JANATA PARTY (BJP), HARSH VARDHAN, SAYING: "In the coming time the country is going to get back its lost respect and status. It will regain its pride and honor. India has been a world power and again, under the rule of Narendra Modi, the entire country is determined to make our India a world power." Modi's victory earned him an invitation to the White House and a message of congratulations from U.S. President Barack Obama. It's a far warmer reception then the one he received from the Bush administration --- who barred Modi from entering the U.S. because of concerns he didn't do enough to stop an outbreak of anti-Muslim violence in the state of Gujarat when he was chief minister.