Strategic Slowdown in India's Asset Monetization Program

The Central Government realizes that the time is not right for fast-tracking disinvestment especially as PSUs have turned profitable and are giving high dividends to the Centre. PSUs are having high valuations amidst the stock market boom. The June 2024 quarter net profit of PSUs grew by 16 percent to Rs 39974/- crore. Public sector banks (PSBs) cumulative profit topped Rs 1.4 lakh crore in FY'24. The 2024 General Elections and the subsequent coalition compulsions have been other reasons for the Centre to go slow on its privatization programme.