Government Set for Divestment Milestone

What Happened

India is on course to surpass its ₹80,000 crore disinvestment target, driven by successful stake sales in public sector firms such as LIC and upcoming asset monetisation plans. The extra revenue could help the government manage rising fiscal pressures and maintain its budget goals. The government has already raised more than $5.5 billion, aided by its recent ₹31,550 crore LIC stake sale, the largest divestment in years.