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Economics3h 13m ago
Arvind Panagariya, former NITI Aayog vice chairman, said on Monday that the government needs to resuscitate the privatisation of public sector undertakings (PSUs) and public sector banks (PSBs) as it is integral to India's economic reforms.
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India
Who
Arvind Panagariya
What
Arvind Panagariya, former NITI Aayog vice chairman, said on Monday that the government needs to resuscitate the privatisation of public sector undertakings (PSUs) and public sector banks (PSBs) as it is integral to India's economic reforms.
When
Mon, 15 Jun 2026 10:21:38 GMT · 3h 13m ago
Where
India ·
Why
Panagariya advocates for reviving the privatization program to modernize India's economy for 'India@2047' and restore investor confidence amidst rupee depreciation, shifts in FDI, and FPI outflows.
The Frontline Impact
How this affects you
If the government follows Panagariya's advice, India could see significant economic restructuring through the privatization of public sector entities and the potential establishment of a new independent privatization ministry. This could alter the landscape for both domestic and international investors and impact the Indian Rupee's valuation.
Story chain
3 events in this thread- Economics3h 13m agoArvind Panagariya urges the government to revive NITI Aayog’s PSU and PSB privatisation programme, calling for an independent privatisation ministry to speed up disinvestment, modernise India’s economy for India@2047, and restore investor confidence amid rupee depreciation, FDI shifts and FPI outflows.Open article
- Currently Reading3h 13m agoArvind Panagariya, former NITI Aayog vice chairman, said on Monday that the government needs to resuscitate the privatisation of public sector undertakings (PSUs) and public sector banks (PSBs) as it is integral to India's economic reforms.
- Economics3h 13m agoFormer NITI Aayog vice chairman, Arvind Panagariya, stated on Monday that the government needs to revive the privatisation of public sector undertakings (PSUs) and public sector banks (PSBs) as it is integral to India's economic reforms.Open article