India's Rush to Sell State Owned Shares: A Fiscal Tightrope The Indian government's rapid pace of selling stakes in state owned companies this year has raised concerns about its fiscal priorities.
With over 620 billion rupees ($6. 5 billion) collected so far, India is on track to meet its annual disinvestment target of raising 800 billion rupees ($8. 4 billion). But what drives this urgency?
India's deepening macroeconomic headwinds provide one explanation. Rising inflation and a widening fiscal deficit – currently standing at 3. 1 trillion rupees (18.