India plans over $9B in stake sales


India intends to raise 569.25B rupees ($9.17B) from the sales of holdings in state-run firms in 2014-2015.

The plan is part of an interim budget that the government introduced today ahead of elections, which are due to take place by May.

The government intends to limit the budget deficit to 4.6% of GDP in 2013-14 and believes that it needs to be lowered to 3% by 2016-17.

The government also predicted FY 2014 growth of 4.9%.

The Sensex is +0.4% and the USD-INR is +0.2% at 61.981 rupees.

ETFs: EPI, INDY, SCIF, PIN, INP, INDL, ICN, INR, INDA, INXX, SCIN, INCO, SMIN

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Comments (1)
  • stocksstar
    , contributor
    Comments (2) | Send Message
     
    Nothing is going to happen as govt has become lame duck now and no major decisions expected till election get over.
    Contrary to beliefs of most analyst expect hang assembly in next electro which will make economy more precarious .
    Expect strong pressure on Indian Rupee in second half 2014 I won't be surprised if INR see biggest crash in recent history much bigger than august 2013
    23 Feb 2014, 09:33 AM Reply Like
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