HomeEconomicsDisinvestment fetches over Rs 4.20 lakh crore in 10 years but target...

Disinvestment fetches over Rs 4.20 lakh crore in 10 years but target to be missed again in FY24

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  1. The government has slowed its privatisation drive to avoid criticism ahead of upcoming general elections. This cautious approach has led to a likely shortfall in the disinvestment target for the fiscal year.
  2. Rather than outright privatisation, the government has mostly focused on minority stake sales via IPOs and OFS, collecting around 20% of the budgeted Rs 51,000 crore for the current fiscal.
  3. Due to pending due diligence, demerger processes, and security clearances, strategic sales of CPSEs (Central Public Sector Enterprises) such as SCI, NMDC Steel Ltd, BEML, HLL Lifecare, IDBI Bank, and others are likely to spill over to the next financial year.
  4. Over the past decade, the government raised Rs 4.20 lakh crore from disinvestments, with the majority coming from minority stake sales rather than strategic transactions.
SourceTOI

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