Why India’s divestment programme is a joke

Unrealistic divestment targets and dubious asset sales are standing in the way of New Delhi's goal to reduce its public sector and improve its public finance.

Sometimes you think you are aiming high but the truth is that you are actually setting unrealistic targets. This is a true reflection of the Indian government’s divestment plans in recent years.

With the end of India’s fiscal year coming to a close by the end of this month, it seems highly likely that the government will miss its divestment target once again.

Since April last year, the government has raised Rp565 billion $8.2 billion through the sale of stakes in government-controlled entities, according to the Department of Investment and Public Asset Management. There was a shortfall of Rp235 billion, or 29% of the Rp800 billion divestment...

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