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India Cuts Disinvestment Target Amid Privatization Challenges

1/19/2025

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Summary

Story summary

India is reducing its disinvestment target for 2024-25 by 40%, lowering it to under 300 billion rupees ($3.47 billion).
The government plans to finalize the IDBI Bank sale and enhance asset monetization efforts.
Prime Minister Modi's privatization initiatives encounter regulatory and political hurdles.
This fiscal year, the government has generated 86.25 billion rupees from disinvestments.

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Story summary

India is reducing its disinvestment target for 2024-25 by 40%, lowering it to under 300 billion rupees ($3.47 billion).
The government plans to finalize the IDBI Bank sale and enhance asset monetization efforts.
Prime Minister Modi's privatization initiatives encounter regulatory and political hurdles.
This fiscal year, the government has generated 86.25 billion rupees from disinvestments.