The Indian government has set a 650 billion rupee ($7.89 billion) divestment and privatisation target for 2022/23, out of which it raised 245.44 billion rupees in the first seven months of the fiscal year. Last fiscal year, the government raised just over 135 billion rupees ($1.6 billion) from the sale of stakes in state-owned firms, a fraction of its target of 1.75 trillion rupees and missing its divestment goal for a third straight year.
