Key Points
Indian Prime Minister Narendra Modis decision to reappoint Nirmala Sitharaman as the countrys finance minister is being seen by market analysts as a strong signal of policy continuity...
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...
We expect the new government to stick to the fiscal consolidation path with a continued thrust on infrastructure creation through more rail network, amidst a slight tilt towards more rural spending, Goldman Sachs economists including Santanu Sengupta wrote in a note...
Investors were very fearful of the compromises the BJP would have to make after being forced to form a coalition government, Sonal Varma, an economist at Nomura Holdings said.. With Sitharamans reappointment, the focus on infra and continued fiscal consolidation should also continue...
Nirmala Sitharamans reappointment as Indias finance minister in the new coalition government is definitely a wise step for keeping the focus on infrastructure development and exports, says Deven Choksey, managing director at DRChoksey FinServ Pvt...
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