India Minister Jaitley Vows to Restore Investor Confidence
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Indian Finance Minister Arun Jaitley pledged to restore investor confidence in Asia’s third-biggest economy on his first day in office after Narendra Modi unveiled the nation’s smallest cabinet in 16 years.
Jaitley, who will also head the defense and corporate affairs ministries, told reporters today his priorities include restoring economic growth, containing inflation and fiscal consolidation. Modi, sworn in as prime minister last night, unveiled a cabinet of 23 ministers, the fewest since 1998.