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INDIA: Nirmala Sitharaman Reappointed as Finance Minister

INDIA

Nirmala Sitharaman was reappointed India’s finance minister in Prime Minister Narendra Modi’s new coalition government, according to a statement from the President’s office Monday. 

  • "Sitharaman will need to balance fiscal demands in a new coalition government after Modi’s Bharatiya Janata Party failed to win a majority in the elections. Economists say the new government may be pressured to boost spending to shore up support, shifting away from its fiscally conservative path." (Bloomberg)

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