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The Government of India is likely to miss its divestment target for the fourth year in a row.


The divestment target was set as 65,000 crore for FY23 but only 31,000 crore has been raised so far.

The biggest contribution- where the government sold a 3.5% stake at 949 per share and raised 21,000 crore.

 Other major sources of divestment proceeds included the privatisation of Air India and the share sale of ONGC.

In FY22 as well, the government missed its original target as well as its revised target by a huge margin.

Recently, Dipam suggested that dividends from PSUs be accounted as disinvestment collections.

Companies like Tata Steel, Adani group and JSW Steel are interested; which is likely to be divested by the end of January.

The government has invited bids to sell its stake in IDBI Bank, which will stretch well into the next financial year.

Click here to know more about Budget 2023.

What to expect from budget 2023?

In the last Budget, the government had set a divestment target of ₹65,000 crore for FY23 and so far, it has raised only around ₹31,000 crore, which is just a little over 50 percent of its original target.

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What to expect from budget 2023?

In the last Budget, the government had set a divestment target of ₹65,000 crore for FY23 and so far, it has raised only around ₹31,000 crore, which is just a little over 50 percent of its original target.

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