The limits to India’s privatization push7 min read . Updated: 26 Feb 2021, 05:32 AM IST
- Privatizing more PSUs is once again the flavour of the season. But data reveals govt is ignoring some hard truths
- There are only a handful of sectors where a disproportionate market share and the nature of business gives government firms a case to command a premium
About 10 days after the central government iterated on the floor of Parliament its resolve to privatize businesses owned by it on a scale and sweep never done before, Anil Agarwal announced his Vedanta Group would set up a $10 billion fund to invest in them. Another week later, the mining and metals major was placing full-page ads in papers that, while promoting itself, alluded to themes dear to this government—nation building, economic self-sufficiency and value creation.
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