Indian Public Sector Stake Sales Set To Continue

The Indian government looks set to continue its attempts to tackle its budgetary squeeze head-on, by raising money from selling off stakes in state-run companies against the backdrop of a debt pile which stands equivalent to 80% of GDP. As a result, the volume of M&A and IPOs in the Asian nation stand to benefit. Over the last ten months, New Delhi has raised US$3.5bn selling off pieces of state-backed firms - more than the total of state-backed disposals during the previous four years put together.

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