India’s CII urges faster PSU privatisation to raise $120B for growth and self-reliance.

The Confederation of Indian Industry (CII) has urged the Indian government to accelerate privatisation of public sector enterprises in the 2026-27 budget, proposing a demand-driven approach to select assets, a rolling three-year privatisation pipeline for transparency, and a dedicated institutional framework for oversight. It recommends reducing government stakes in 78 listed PSUs to 51% initially, with further reductions to 33–26%, aiming to unlock nearly Rs 10 lakh crore—Rs 4.6 lakh crore in the first two years from 55 lower-stake enterprises and Rs 5.4 lakh crore from 23 higher-stake ones. Proceeds would fund health, education, green infrastructure, and fiscal consolidation, supporting India’s growth and self-reliance goals.