The Modi government will be relying on disinvestment to spur budget spending ...Middle East

Quartz - Economy
The Modi government will be relying on disinvestment to spur budget spending
The Narendra Modi government doesn’t have a very impressive track record when it comes to divestments, yet, when finance minister Nirmala Sitharaman rises to present the union budget for fiscal 2021-2022, all eyes will be on how much money the government plans to raise by selling its stakes in state-owned companies.In the budget for the current fiscal, which ends on March 31, Sitharaman had set an ambitious divestment target of Rs2.1 lakh crore ($28.7 billion). The government is likely to miss the aim by a mile as it has so far managed to raise only Rs13,884 crore.The main reason why observers still have hopes from the divestment plan is that this year the government is fiscally in a very ti

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