Analysts Welcome Modi’s Faith in Sitharaman as Finance Chief
- Unchanged ministry positions bode well for reforms: Goldman
- Focus on infra, fiscal consolidation should continue: Nomura
Nirmala Sitharaman
Photographer: T. Narayan/BloombergThis article is for subscribers only.
Indian Prime Minister Narendra Modi’s decision to reappoint Nirmala Sitharaman as the country’s finance minister is being seen by market analysts as a strong signal of policy continuity.
Modi’s new cabinet has seen the return of several old faces from his earlier administration. For Sitharaman, one key challenge will be to balance fiscal demands in a coalition government after the ruling Bharatiya Janata Party failed to win a majority in the elections.