On Jaitley taking charge as the country's finance minister, economist Pai Panandikar said though he is new to this portfolio but he can do his job perfectly.
“Jaitley is an unknown person into finance. It is his first experience in handling such a very big ministry along with Defence yet he can do the job perfectly. At first he may work for reduction of subsidies to cut government expenditure and control inflation. He may bring reforms while opening up the economy. There might be a quick change in tax laws. He is likely to relax and reduce direct taxes and focus on strict implementation of indirect taxes”.
Jaitley formerly worked as a corporate lawyer and has been practicing law in the Supreme Court and several high courts. He has positioned himself among country's top-most lawyers. Graduated from Delhi's Shri Ram College of Commerce, he is known as a closest confidant of PM Narendra Modi. Jaitley supported and campaigned for Modi both in 2002 and 2007 Gujarat Assembly elections. And has played an important role in placing Modi as the PM.
The script writer and strategist of the BJP is into his third term in Rajya Sabha and has been playing the role of the leader of the opposition in the upper house since last five years.