Business welcomes India's new finance minister

Business groups and financial analysts welcomed India's new Finance Minister P. Chidambaram on Wednesday, saying the pro-market and reformist politician was a good candidate to help jumpstart the economy.
Chidambaram, now in his third stint as finance minister, has robustly defended the Congress-led government's commitment to implement reforms and its ability to revive the once-booming economy.
"He has a lot of experience of the finance ministry," said Rajiv Kumar, secretary general of the Federation of Indian Chambers of Commerce and Industry.