India: Stocks Sink In US After Modi Cabinet Shuffle – Barron’s

Indian Prime Minister Narendra Modi shook up his cabinet with appointments designed to improve the economy.

Among the changes: Nirmala Sitharaman moves from trade minister to defense minister, a job previously held by Arun Jaitley, who will continue as finance minister. Coal Minister Piyush Goyal adds railways minister to his position, and the previous rail Minister Suresh Prabhu will be the new trade minister, The Wall Street Journal…

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