During the debate on Wednesday, Commerce Minister Anand Sharma defended Foreign Direct Investment (FDI) in multi-brand retail.

BBC: Indian government wins controversial foreign retail vote

"We view foreign investments as a source of technology, finance and means of creating gainful employment in the country, " Trade Minister Anand Sharma said Monday.

WSJ: H&M Seeks Permission to Open Stores in India

On April 3, Anand Sharma, minister of commerce and industry, said allowing more foreign investment would help India become one of the world's major defense producers.

WSJ: India Official Calls for More Foreign Investment in Defense

Later, speaking at the same conference, Trade Minister Anand Sharma said he would push for increasing the limit of foreign direct investment in the defense sector to 49% from the current 26%.

WSJ: India PM Says Pessimism Over Economy Unwarranted

"Keeping in view the facts, the interests of the farmers, interest of the industry" and other concerns, India's group of ministers decided to roll back the ban, Trade Minister Anand Sharma said in a statement.

CNN: India lifts ban on cotton exports

Less likely, but more daring, would be to skip a generation and let younger leaders take bigger jobs elevating Jairam Ramesh who languishes at rural affairs, Anand Sharma at trade, or possibly a real youngster, such as Sachin Pilot, a technology minister.

ECONOMIST: Politics in India

TBM's founder, Anand Sharma, is convinced that the car industry will gradually move to a pattern where most of a car will be made in modules that are simply snapped together in small assembly lines close to the consumer, where details can be adapted to local tastes.

ECONOMIST: Car manufacturing