Mr Chidambaram predicted that the likely outcome of the national election, due by May, was that no party will have a clear majority.

Besides, CEOs from across the world including in India plan to aggressively expand their workforce this year, even as their worries about over-regulation, fiscal deficits and tax policy have reached highest ever levels, the PwC survey said.

Rahul Gandhi will be Prime Minister if the Congress is called to form the government, Finance Minister P Chidambaram said today while speaking on the sidelines of the 44th World Economic Forum in Davos.