Xiaoping", the leader who set China on its path of spectacular economic growth.
"I am sure the political change itself sends a strong signal to the global community and also domestic investors," Jaitley said. "I think over the next few months by expediting decision-making processes, I am sure we will be able to build that."
The chief of the BJP, Rajnath Singh, will be the country's new home minister, charged with the task of ensuring internal stability and calming the anxieties of India's religious minorities who see his party and its hardline Hindu affiliates as pursuing a partisan agenda.
Modi himself has been dogged by allegations that he didn't do enough to protect Muslims during an upsurge of violence in 2002. He has denied the charge and a Supreme Court-ordered investigation acquitted him of any responsibility.
He named party Sushma Swaraj, one of the parrty's best-known faces in parliament, as foreign minister. Swaraj, who has led the health ministry in the past, is seen as a moderate within the BJP.