Which Finance Minister is known for a more conservative fiscal policy approach?

The Finance Minister known for a more conservative fiscal policy approach is Yashwant Sinha. During his tenure in the late 1990s and early 2000s, Sinha implemented measures aimed at fiscal consolidation and maintaining macroeconomic stability. His policies emphasized reducing fiscal deficits and controlling inflation, aligning with a conservative approach to government spending and borrowing.

Under Sinha's leadership, significant reforms were instituted to improve the tax structure and increase revenue, reflecting a commitment to prudent fiscal management. This contrasted with more expansionary fiscal policies that may have been employed by others in different administrations who focused on stimulating growth through increased public spending. Sinha's strategies laid the groundwork for more disciplined financial management within the Indian economy, which is characteristic of a conservative fiscal policy orientation.