-- India’s Prime Minister Narendra Modi retained several cabinet ministers in key portfolios, including finance, signaling policy continuity in a new coalition government in charge of the world’s fastest-growing major economy.Musk to Ban Apple Devices If OpenAI Is Integrated Into OSNirmala Sitharaman was reappointed India’s finance minister, a position she’s held since 2019, the government said Monday.
Sitharaman is “a prudent fiscal manager,” said Abheek Barua, chief economist at HDFC Bank, adding that the minister will ensure India remains on the path of fiscal consolidation. “We can see more allocation towards rural development and rural housing, and she will ensure that it does not translate into any fiscal slippage. It’s very critical at this moment.
Some of the new faces in the cabinet include Shivraj Singh Chouhan, the former chief minister of Madhya Pradesh state, who was appointed agriculture minister, and J.P. Nadda, the BJP president, who was named health minister. Of the 30 cabinet positions, 25 stayed with the BJP and five went to the allied parties.