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Govt may target raising up to Rs 1 trn through asset sales in FY18: Experts

The government accelerated asset sales in this current fiscal year after a chaotic rollout of a new national goods and services tax undermined tax collection targets

Devidutta Tripathy & Manoj Kumar | Reuters  |  Mumbai/New Delhi 

India's government may look to raise as much as a record 1 trillion rupees ($15.7 billion) from the sale of state assets in the next fiscal year to help meet tough fiscal deficit limits while giving it room to boost spending and woo voters before general elections that must be called by early 2019. Investment bankers and economists expect the finance minister, Arun Jaitley, to set an ambitious target for the year beginning on April 1 following strong sales in the current fiscal year to the end of March. The government is on track to raise about 925 billion rupees this fiscal ...

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First Published: Sun, January 28 2018. 15:07 IST