#NarendraModi to target ‘record asset sales’ in #Budget

The government will seek to raise up to a record $11.7 billion in asset sales in its maiden Budget this week, a senior government source said, bolstering state finances and buying time for structural reforms to revive a weak economy.

The privatization target could reach 700 billion rupees, almost equal to all proceeds over the last four years, in a Budget Prime Minister Narendra Modi hopes will launch the growth and jobs agenda that in May won him India’s biggest election mandate in thr