The Indian government’s privatization efforts have slowed down as it opts for minority stake sales on stock exchanges over outright privatization, with an eye on upcoming general elections. Plans for big-ticket privatizations, such as Bharat Petroleum Corporation, Shipping Corporation of India, and CONCOR, have been put on hold. Analysts suggest that meaningful privatization may resume only after the general elections in April/May. The disinvestment target for the current fiscal year is likely to be missed, with only 20% of the budgeted amount of INR 51,000 crore collected through minority stake sales via IPO and OFS.
India’s Privatization Momentum Slows Ahead of General Elections
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