With GDP growth slowing to 5.8% in Q4 2018-19, the Modi government can no longer be in denial mode about the fragile state of the economy. The July budget will have to take urgent steps to revive investment and consumption to compliment the rate cuts by the monetary policy committee.
Nirmala Sitharaman in finance must perform better than she did in defence & commerce
Nirmala Sitharaman as the first woman finance minister is a bold choice by Prime Minister Narendra Modi considering her inexperience in dealing with political economy. She will have to perform much better than she did as commerce and defence minister, considering the urgency to tackle sagging growth and global challenges.
Amit Shah in the home ministry is an unambiguous political message to India
Amit Shah’s portfolio is an unambiguous political message because the BJP’s strongest ideological representative will now be the home minister of India. He will oversee contentious issues ranging from NRC, and Kashmir to cow vigilantism. After a very long time, a truly powerful minister will now stir up the ministry.