For the first four decades of independence, India followed a path of public sector-led growth. However, this approach had several shortcomings, resulting in muted growth and a lack of development. As a result, in the 1990s, India changed its approach by opening up the economy and adopting a policy of disinvestment.
Conclusion
Disinvestment remains a critical economic policy for India, aiming to balance fiscal responsibility with efficient economic management. While it presents several benefits, addressing the associated challenges is essential for maximising its potential.
*The article is for information purposes only. This is not an investment advice.
*Disclaimer: Teji Mandi Disclaimer
