Down the pipeline: India's struggle with asset monetisation

Govt plan to raise Rs 6 trillion by offering roads, railway stations, airports and other assets could be hard to achieve

India was among the top-five economies with the largest general government capital stock level, said, in 2015, an International Monetary Fund report called "Making Public Investment More Efficient". The report fuelled a debate on countries sitting on piles of cash that could be used better. India was believed to have public assets worth $4.5 trillion.

The report urged countries to start asset recycling. Six years after the report, Australia’s success in asset recycling has turned India into a believer; despite doing averagely in its previous efforts on roads, railways or meeting its disinvestment targets.

India’s government last month