Renewed talk of the government ramping up its privatisation drive is welcome, but its aim of raising INR725bn through asset sales of various state-owned companies this year still looks unrealistic. In response, rather than allowing the budget position to worsen, the finance ministry is more likely to counter lower revenues by scaling back its public investment programme.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services