With the group’s attention focused on paying off its existing loans to retain financial credibility, funding ambitious new projects must take a back seat until finances stabilises.
Sitharaman, who is only the second woman defence minister in India's history, is expected to work closely with the Finance Minister to take key industry-related decisions
If the political establishment responds to a situation like this as if it’s something that must only play out between a corporate & the market, it's coming of age of Indian capitalism.