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Inside India newsletter: What's behind India’s rush to sell shares in state-owned firms
['Priyanka Salve']
International: Top News And Analysis
Welcome to the latest edition of "Inside India" — your one-stop destination for stories and developments from the world's fastest-growing large economy.
This week, I unpack what's driving India to meet its often-missed disinvestment target.
The last time the Indian government met its disinvestment goal — target for stake sales in state-owned firms — was in the financial year ending March 2019.
And LIC alone surpasses that number by a good margin, signaling the state's increasing proclivity toward raising funds without widening the fiscal deficit.
Its fiscal deficit at the end of June was 3.1 trillion rupees, or 18.2% of the budget estimate for the financial year ending March 2027.