The Government of India is likely to miss its divestment target for the fifth year in a row. In the last Budget, the government had set a divestment target of ₹51,000 crore for FY24 and has garnered around ₹10,000 crore so far, which is just 20 percent of its original target.
The Union budget for FY24 had estimated raising ₹51,000 crore from the sale of the government’s shares in public sector companies.It is unlikely that any new big-ticket additions will be made to the divestment list for FY25
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Government has decided to go ahead with the divestment despite objections from the employees, says private sector can bring more capital and better management techniques.