Disinvestment proceeds of ₹4.07 lakh crore realised in last 9 years: Economic Survey

The Economic Survey tabled in the Parliament on January 31 said privatisation of Air India last year re-ignited the privatisation drive

About ₹4.07 lakh crore has been realised as disinvestment proceeds in the past nine years, and post-2014 the government is engaging with the private sector as a co-partner in the development, the Economic Survey said on January 31.

In the current fiscal, out of the budgeted amount of ₹65,000 crores, 48% or over ₹38,000 crores has been collected as of January 18, 2023.

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The Survey said privatisation of Air India re-ignited the privatisation drive, and evidence shows that labour productivity and the overall efficiency of the PSUs disinvested during 1990-2015 has improved.

"During FY15 to FY23 (as of 18 January 2023), an amount of about ₹4.07 lakh crores has been realised as proceeds from disinvestment through 154 transactions using various modes/instruments," said the Survey tabled in Parliament by Finance Minister Nirmala Sitharaman.

Of this, ₹3.02 lakh crore was realised from minority stake sale and ₹69,412 crore was realised from strategic disinvestment transactions in 10 Central Public Sector Enterprises (CPSEs) - HPCL, REC, DCIL, HSCC, NPCC, NEEPCO, THDC, Kamrajar Port, Air India and NINL.

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