Finance Minister P Chidambaram today hit out at the BJP, accusing it of having a "regressive" and "incoherent" economic policy.

As India prepares for elections, Finance Minister P Chidambaram on Wednesday hit out at BJP terming its economic policies as retrograde and "blood-eyed" and asked why its Prime Ministerial candidate Narendra Modi had never fielded a Muslim candidate.

The chief economics commentator at the Financial Times says there are hopes that the BJP's prime ministerial candidate will follow a reform agenda, and manage resources efficiently.