Indian Prime Minister Narendra Modi is pouring billions into ailing state-run corporations after slowing formidable divestment plans that have been supposed to scale back the position of the state in enterprise, based on authorities sources and a doc reviewed by Reuters.
Lower than a month into 2025, New Delhi has plans to speculate about $1.5 billion in monetary rescue packages for 2 state-owned corporations after failing to promote them to non-public corporations.
Why it issues
In 2021, Modi’s authorities had outlined formidable plans to scale back the position of presidency in enterprise and laid out giant scale disinvestment whereas maintaining a minimal presence in strategic sectors. 4 years later, it has had little success and is as a substitute shifting again in the direction of recapitalising some state-owned corporations.
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