Continuity in key ministries will be welcomed by markets: Swaminathan Aiyar

economictimes.indiatimes.com:

«I think one of the important signs that we are getting is that neither the TDP nor the JD(U) appears to be putting very important people into this particular cabinet and that is a sign I think that at this point of time you are not going to see the allies pushing the BJP in any particular direction,» says Swaminathan Aiyar, Consulting Editor, ET Now.

It seems quite evident that the key portfolios like my colleague was just highlighting are going to be with the BJP.
Yes, there has been speculation that the BJP no longer has an absolute majority, it is going to be dependent on this fellow, on that fellow and they will have to compromise. If you just look at the ministers announced, this is very clearly a BJP cabinet. Yes, there are some other people from the other parties, they are not important people, they are not people who are going to drive policy.

So, very clearly this is once again a BJP cabinet with some additions. And within that I would expect considerable continuity in the portfolios. I find it very difficult to believe for instance that Mr Jaishankar might be made Minister of Steel or Minister of Commerce, very unlikely, it seems to me surely, he will have to be Minister of External Affairs. Sitharaman after her performance till now, surely she will be Finance Minister.

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