Former finance minister Chidambaram called it a ‘step forward post-liberalisation’. It’s significant because it was a Congress government that brought in liberalisation in 1991.
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
Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.