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Economics3h 18m ago
Former 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.
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India
Who
Arvind Panagariya
What
Former 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.
When
Mon, 15 Jun 2026 10:21:38 GMT · 3h 18m ago
Where
India ·
Why
Panagariya believes the privatisation program is crucial for modernizing India’s economy as part of the India@2047 movement and to restore investor confidence amidst rupee depreciation, FDI shifts, and FPI outflows.
The Frontline Impact
How this affects you
This proposal by a prominent economist highlights a key policy area for India's economic future, potentially leading to significant shifts in state-owned enterprises and banking, which could influence foreign investment and the nation's economic growth trajectory. The suggested creation of a dedicated privatisation ministry could streamline processes and accelerate disinvestment, impacting various sectors of the Indian economy.
Story chain
3 events in this thread- Economics3h 18m 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
- Economics3h 18m 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.Open article
- Currently Reading3h 18m 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.