Top Stories
Top Stories
Wires

INSTANT VIEW-Modi names Sitharaman as India's finance minister

MUMBAI, May 31 (Reuters) - Indian Prime Minister Narendra Modi on Friday named Nirmala Sitharaman, previously the country's defence minister, as the next finance minister, while the chief of his Hindu nationalist Bharatiya Janata Party (BJP) will become home minister.

BJP President Amit Shah masterminded the party's landslide victory in the April-May general election.

COMMENTARY BEKXY KURIAKOSE, HEAD OF FIXED INCOME, PRINCIPAL ASSET MANAGEMENT, MUMBAI "It is too soon to say. I have a neutral view. We will have to wait for her to speak to get her thoughts and ideas on reforms for the markets and the economy, but it will be in line with what the BJP-led government would overall target anyway."

SANDIP SABHARWAL, DOMESTIC FUND MANAGER, MUMBAI "Nirmala Sitharaman is a relatively unknown entity despite holding a key portfolio in the previous government. Expectations as such will be low. From the markets' perspective, it's neutral at this stage." (Reporting by Swati Bhat; Editing by Subhranshu Sahu)