The story of disinvestment in India is a long-drawn and complicated saga. Initiated during the liberalization of the 90s, disinvestment continues to take centre stage before the onset of every budget session. While the underlying premise for disinvestment has always been to reduce the financial burden on the government, the overall contours of disinvestment have undergone significant changes over the years.
Barring a few businesses that are concerned with national security, governments are better suited to running public services and ensuring the creation of a conducive environment for the private sector to engage in commerce.
While the government plans to roll out its disinvestment policy, a clear vision and a strategy rethink is required, to ensure optimum realisations are achieved from disinvestments.