How India Has Been Successful With Disinvestments

Last week the government said that it intended to sell 5% of its holding in IRCTC. They were hoping to inch closer to the divestment target for FY23, set at 65,000 crore rupees. Since this was a fairly new program, it was dogged by issues and controversies. There were allegations that the shares were disinvested inappropriately which ultimately caused the state a good chunk of money.