India Growing with Discounted Market Value: State-Owned Company Share Sale Plan Accelerates

India, under the Narendra Modi government, which is facing pressure on its public budget due to high oil prices, is attempting to accelerate the plan to sell stakes in state-owned companies to support public finances. At the center of this plan is the sale of shares in India's largest life insurance company. The government is utilizing all available means to stabilize the public budget. The success of the state-owned company stake sale plan means that India could strengthen its public finances and gain a greater voice in the global economy. However, in the current situation, many economists note that this plan will not work in the short term, but could be a step toward solidifying India's public finances in the long term.