New Delhi, June 25 -- The new Minister of Commerce and Industry, Piyush Goyal, has taken charge, holding a slew of marathon meetings with internal and external stakeholders. He will be subjected to diverse and often contradictory perspectives and pressures on key commercial policy issues, and is expected to take tough calls on issues wherein political interests apparently conflict with economic ones. Crucially, he would have to clearly communicate the rationale for his decisions and policy positions to the broader stakeholder community in a way that reinforces the broader reform agenda pursued by the Prime Minister and not succumb to vested interests.
It is here that the experience of his predecessor Suresh Prabhu will come handy. Prabhu w...