NEW DELHI, May 8 (Xinhua) -- Indian Prime Minister Manmohan Singh is to resign on May 17, after being at the helm of the ruling Congress-led United Progressive Alliance government for two consecutive five-year terms, sources said Thursday.
On the eve of demitting office, which is the day the election results will be announced, Singh will address the nation in a farewell speech, the sources said.
The Prime Minister had in January this year said at a media meet that he would retire from politics after the results of the general elections are out.
India is in the midst of general elections, which began on April 7 and will end on May 12, with results due to be out on May 16.
Opinion polls have suggested that the main opposition Bharatiya Janata Party will form the next government, with Narendra Modi as the prime minister, while the Congress, being led by Nehru-Gandhi scion Rahul Gandhi, is facing its worst ever defeat due to its inability to tackle corruption and inflation.