India to raise $19.7B by 2029/30 via IPOs of state firms in railways, power, and other sectors.

India plans to raise $19.7 billion by 2029/30 through IPOs of state-owned firms in railways, power, petroleum, aviation, and coal, part of a $183.7 billion asset monetization drive. The government aims to list seven railway companies, targeting ₹83,700 crore by 2030, with ₹17,000 crore expected in 2026/27. Additional proceeds are projected from power and coal sector listings, renewable energy assets, and airport stake sales via joint ventures. This follows a first phase that raised ₹5.3 lakh crore, below the ₹6 lakh crore goal.