PM Manmohan Singh on Friday ruled out third term for himself and said that he will hand the baton over to a new prime minister after the Lok Sabha polls this year.
He also said that Rahul Gandhi has outstanding credentials to be the PM candidate.
"In a few months time, after the general election, I will hand the baton over to a new prime minister," Manmohan Singh said.
"I hope it will be a UPA chosen prime minister, and our party will work to that end in the campaign for the general elections.
"I am confident that the new generation of our leaders will also guide this great nation successfully through the uncharted and uncertain waters of global change," he added.
Manmohan Singh added: "I will not be a candidate for prime ministership if the UPA comes back to power."
He also said that if BJP's prime ministerial candidate Narendra Modi ever became the PM, it would be a disaster for the country.
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