Chidambaram returns as Finance Minister

Wednesday, 1 August 2012 02:34 - - {{hitsCtrl.values.hits}}

Reuters: Palaniappan Chidambaram, who as Finance Minister oversaw India’s strongest growth surge in the past two decades, returned to the post on Tuesday, but faces a sharp economic slowdown, worsening public finances and falling exports this time around.

The Harvard-educated former lawyer, who is regarded as a market-friendly reformer, took over a Ministry that was run until recently by Pranab Mukherjee, now the country’s President.