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"Excellent! (on Mukherjee being named as Finance Minister) He is a very experienced person and is the right choice for the job. Mukherjee is a reform-minded person and I expect economic reforms to go forward during his tenure," ICRIER Director Rajiv Kumar said.
"Mukherjee had held various other portfolios so it will be an added advantage", he added.
Commenting on appointment of Mukherjee as the Finance Minister, former Chairman of Prime Minister's Economic Advisory Council (PMEAC) Suresh Tendulkar said, "He is an experienced person for the finance portfolio".
On the possibility of the new minister expediting economic reforms, he said, "that's what everyone expect."
Mukherjee, who was the first one to take oath of office after Prime Minister Manmohan Singh, will have to present the budget for 2009-10, which will spell out the policies and priorities of the new UPA government.
Talking to reporters after being named as the Finance Minister, Mukherjee had said the government would endeavour to present the budget in due time to avoid uncertainties.
Economic think-tank NCAER Senior Fellow Rajesh Shukla said, "He is very mature and I see reform to go forward during his tenure."
Shukla added, Mukherjee has expertise in various fields as he had headed various ministries and so he is the right person for the finance portfolio.
Mukherjee, who was holding charge of the finance portfolio in the earlier UPA government presented an interim budget in February in view of the general elections for the 15th Lok Sabha.
On Saturday, Mukherjee was named India's Finance Minister while former Karnataka Chief Minister S M Krishna took charge of the Foreign Ministry as the Prime Minister allotted portfolios to six of his 19 cabinet ministers, a day after taking oath at the head of a new Congress-led government.