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Informist, Wednesday, Jul. 1, 2026

 

By Priyasmita Dutta

 

NEW DELHI – The government has pressed the accelerator on disinvestment so far in 2026-27 (Apr-Mar), shoring up more revenue in the first quarter of FY27 than it had collected in the entire FY26. The government has collected INR 185.61 billion as disinvestment receipts so far, data from the Department of Investment and Public Asset Management showed. In FY26, the government had collected INR 168.86 billion as disinvestment receipts.

 

As such, the government has so far collected INR 249.28 billion from disinvestment and asset monetisation, over 31% of the full year's aim of INR 800 billion. In FY26, the government had collected INR 453.06 billion from stake sales and asset monetisation, beating the revised Budget estimate by INR 115 billion. 

 

The government collected INR 185.61 billion from the stake sale in six public sector enterprises so far--Central Bank of India, Coal India Ltd., NHPC Ltd., NLC India Ltd., General Insurance Corp. of India, and Indian Railway Finance Corp. Ltd., data showed. The government had cut its stake in six PSUs in all of FY26. The government also collected INR 63.67 billion from asset monetisation during the first three months of FY27.
 

This year's trend of robust collection under miscellaneous capital receipts is a positive for the government's finances, which could see some pressure due to a slowdown in tax collection and potential overshooting of expenditure in the wake of the supply bottlenecks and higher commodity prices due to the war in West Asia. To note, the government's fiscal deficit for Apr-May was over 12 times the year-ago figure.

 

The government's fiscal deficit in Apr-May was INR 1.62 trillion, accounting for nearly 10% of the Budget estimate of INR 16.96 trillion for the current financial year, compared to the fiscal deficit being less than 1% of the Budget estimate of FY26 in the corresponding period a year ago. The sharp rise in the fiscal gap was due to a 18% rise in total expenditure and a 2% drop in revenues.

 

Against this backdrop, the government's miscellaneous capital receipts will come in handy with more stake sales already in the pipeline. This progress also assumes importance as the government has seen limited success in its disinvestment plans, having met its target only thrice in the last decade. It has stopped giving a bifurcated target for divestment since FY25.  End

 

Edited by Akul Nishant Akhoury

 

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