Modi 3.0: As Nirmala Sitharaman back on FM's chair, share market pundits bet on…
Modi 3.0 Cabinet: Nirmala Sitharaman retains finance ministryMany experts rate Sitharaman's first term as remarkable as she managed to keep the Indian economy firmly on the growth path amid a testing time."The Finance Minister's first term can definitely be rated 8/10 given the challenges faced on the macroeconomic front, both at the domestic and the global front, in terms of tackling inflationary pressures while, at the same time, ensuring growth remains a priority," said Aamar Deo Singh, Sr. Vice President, Research, Angel One.Also Read: Mint Explainer: Key policy changes in Nirmala Sitharaman’s first stint as FMMacro stability is what the market wants, and Sitharaman can deliver on that, say experts."Nirmala Sitharaman's first term as Finance Minister demonstrated a commendable balance between fiscal prudence and economic stimulus, especially amidst the unprecedented challenges of the COVID-19 pandemic.
Her strategic implementation of the Atmanirbhar Bharat (self-reliant India) package and targeted support for MSMEs, healthcare, and vulnerable populations significantly mitigate the pandemic's economic impact," Suman Bannerjee, CIO, Hedonova, observed."However, her tenure faced criticism for imposing high tax rates, including the controversial surcharge on high-income earners and increased taxes on certain goods and services, which some viewed as burdensome during the economic recovery," Bannerjee added.Expectations from Sitharaman are high as she builds on her previous initiatives while tackling ongoing economic challenges.When the Bharatiya Janata Party (BJP) missed the majority mark on its own, concerns grew that the coalition government may not deliver strong policy reforms. However, the Cabinet formation has
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