India Sets Asset Sale Target at $5.4 Billion After Past Misses

Nirmala Sitharaman, India's finance minister, center, and other members of finance ministry outside the ministry in New Delhi, India, on Saturday, Feb. 1, 2025. India’s government predicted the economy will expand 6.3%-6.8% in the coming fiscal year, significantly below the levels it says are needed for Prime Minister Narendra Modi to meet his ambitious economic goals.Photographer: Prakash Singh/Bloomberg

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February 1, 2025 at 9:11 AM UTC

Modi government presented its first full-year budget in his third term. Follow Bloomberg India on WhatsApp for exclusive content and analysis on India's pitch to the world. Sign up here.

India proposed a modest increase in the government’s asset sale target for the fiscal year beginning April, indicating it will continue its reliance on dividends from state-run firms and the central bank to bridge its budget deficit.