Nirmala Sitharaman India’s New Woman Finance Minister 2019
Nirmala Sitharaman is appointed India’s new woman finance minister in almost five decades to direct the Indian economy.
Nirmala Sitharaman was the former defense and trade minister and now the new woman to hold the position after Indira Gandhi.
Nirmala Sitharaman will be the new successor of Arun Jaitley which is a surprise move taken by Prime Minister Narendra Modi.
Nirmala Sitharaman’s Personal Life
Nirmala was born on 18 August 1959 in Madurai, Tamil Nadu, Daughter of Savitri and Narayanan Sitharaman.
She spent her childhood in various places of the state. She did her schooling from Madras and Tiruchirappalli. Obtained her Bachelor of Arts degree in economics at the Seethalakshmi Ramaswami College, Tiruchirapalli in the year 1980
Master of Arts degree in economics and M.Phil. from Jawaharlal Nehru University, Delhi in 1984.
She then joined a Ph.D. in economics with a focus on Indo-Europe trade, but a move to London after her husband secured a scholarship in London School of Economics left her unable to complete the degree.
Married Parakala Prabhakar in the year 1986.
Nirmala Sitharaman Political Career
Nirmala Sitharaman age 59, was a prominent spokeswoman for the ruling BJP prior to becoming a minister in Modi’s cabinet in 2014.
During her journey as a trade ministry, she was also assigned the role of a junior minister in the finance ministry under Jaitley.
She joined BJP in the year 2008, She is known for her hard work in Prime Minister Narendra Modi’s team and shares a good rapport with Modi.
Sitharaman is a lawmaker in the parliament’s upper house, representing the southern Indian state of Karnataka.
As defense minister since 2017, Sitharaman oversaw Modi’s goal of spending as much as $250 billion by 2025 on defense hardware, including naval ships, jet planes, and drones, to counter China’s growing military strength in the region.
She also had supervision of Modi’s “Make in India” program aimed at boosting domestic manufacturing, an initiative that included a significant defense focus.
She also worked as a research manager for audit firm PricewaterhouseCoopers LLP in London.