The BJP and TMC together have 133 MPs in Parliament.
With the BSP expected to make up its mind on the issue soon, though, the CPI is likely to support a no-confidence motion, the government is hopeful to sail through the motion with cooperation from the SP and other Left parties.
Mamata Banerjee's TMC, which was the biggest ally of the Congress, walked out of the UPA government protesting against government's big-bang reforms, such as allowing foreign direct investment (FDI) in multi-brand retail and raising the cap on FDI in the insurance and opening up of the pension sector.
UPA's second-biggest ally, the DMK too, is opposed to FDI in multi-brand retail.
Banerjee said that these important decisions, which have direct bearing on the livelihood of millions of Indians, taken by a minority government, "are immoral and unethical".
The government had earlier reached out to the BJP for support.