4.7 C
New York
Saturday, February 24, 2024

India’s plans to sell state-owned firms will drive the economy toward $5 trillion, tycoon says

  • India's government will have a disinvestment target of 1.75 trillion rupees (about $24 billion) for the fiscal year starting April 1, said Finance Minister Nirmala Sitharaman.
  • That would include completing the privatization of state-owned companies such as Air India, Container Corporation of India and Shipping Corporation of India, among others.
  • It would also involve a government proposal to take two public sector banks and a general insurance company private.

In this article

Related Articles

Latest Articles