The Indian government has raised Rs16,500 crore in 2023/24 by selling its stakes in about 10 state-run companies.

Economy Business

The Indian government has raised Rs16,500 crore in 2023/24 by selling its stakes in about 10 state-run companies, about 9 percent lower than its internal target of Rs 18,000 crore. However, lower stake sale receipts have been partly made up by higher dividends that the government received from state-run companies. In 2023/24, the government received about Rs63,000 crore as dividends, above its target of Rs50,000 crore. Prime Minister Narendra Modi's ambition of privatising state-run firms has taken a back seat due to general elections that start on 19 April 2024.


     

     

     

 

     


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