Public sector equity

An obsession to sell

Print edition : October 31, 2014

Construction work at the NHPC’s 2,000 MW Subansiri Lower project in Arunachal Pradesh, in August 2009. Photo: RITU RAJ KONWAR

The government is in a hurry to sell public sector equity, instead of borrowing, to fund its expenditures, thus losing an income greater than the interests it would have to pay on its debts. The process is also unsustainable because available resources will inevitably run out.
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