Article by Darshana Jamindar
During this upcoming budget session and a maiden government by NDA led Modi government is like to raise up to $11.7 billion in asset sales , bolstering state finances and buying time for structural reforms to revive a weak economy.
With privatisation target of 700 billion rupees, almost equal to all proceeds over the last four years, in a budget PM will launch the growth and jobs. The budget is due on Thursday.Finance ministry has discussed different ministries to increase the divestment target, said the senior official familiar with budget process. The previous government has underway in sell-off proceeds of 569 billion rupees ($9.5 billion).
