In the past nine years, disinvestment revenues totalled over 4.07 lakh crore, and as of 2014, the government is working with the private sector as a co-partner in development, according to the Economic Survey, which was released on January 31.
As of January 18, 2023, 48% of the budgeted amount of 65,000 crores for the current fiscal, or approximately 38,000 crores, had been collected.
The Survey claimed that the privatisation of Air India re-started the privatisation push. Data suggests that the PSUs divested between 1990 and 2015 are now more productive and efficient overall.
This news was written by Ms. Pujari Dharani, Research Assistant, All India Legal Forum.