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Arun Jaitely, India’s New Finance Minister

Arun JaitleyThe very senior BJP leader Mr Arun Jaitely, the 62-year old confidant of Prime Minister Mr Narendra Modi, is India’s new Finance Minister. He has also given the additional charge of defense.

With big promises to revive the economy, Arun Jaitely will have a tough task ahead to live up to the expectations of the industry, investors and common man. The role assumes significance he will face a tough task of boosting economic growth and maintaining fiscal prudence and bringing down high inflation.

It is an evidence of Modi’s faith in him despite his loss in Lok Sabha elections, the legal luminary was always being seen as a certainity in the Modi cabinet for a high profile ministry.

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