In a post-budget press conference, Finance Minister Nirmala Sitharaman dropped significant hints on privatization timelines. IDBI Bank’s disinvestment, long anticipated by markets, is progressing steadily and may conclude shortly. This comes alongside plans to table the IBC Amendment Bill during the Budget Session’s next leg beginning March 9.
The minister outlined an aggressive disinvestment roadmap, stressing its importance for future revenues. Public sector enterprises are squarely in focus, with more stake sales expected. ‘We’re serious about CPSE privatization now,’ she affirmed.
Efforts to widen the tax net promise higher direct tax inflows, bolstering fiscal health. Budget estimates for miscellaneous capital receipts jump to Rs 80,000 crore, more than doubling the prior year’s revised figure. Asset sales and monetization pipelines are key contributors here.
A whopping Rs 12.2 lakh crore capex allocation signals massive infrastructure push—Rs 2.2 lakh crore above last year’s levels. This investment is geared toward job creation and economic momentum.
Debt metrics show improvement, with debt-to-GDP dipping to 55.6% in FY 2026-27 from 56.1%. Sitharaman projected robust private consumption and reiterated privatization’s role in enhancing CPSE liquidity. ‘The momentum in disinvestment and asset monetization continues unabated,’ she told reporters.
These announcements have sparked optimism in financial circles, positioning India for sustained growth through strategic reforms and prudent spending.