Read in recent OutlookMoney article that if the Govt of India sells 10% of its stake in Nifty, it can rake in Rs60,000Crore.If it extends this to BSE 200, it can make 100,000CroreRs.
This seems to be one more way for GOI to make money to spend for infrastructure development as the fiscal deficit in India is becoming bigger.This way might be opted if it can't afford another stimulus.
If the GOI does indeed sell stocks to make money, it will try to sell it at higher amounts in which case, it would be good for it if stock markets go up!
We have to await the budget to see what is the direction of our policy makers.I think there might be some dis investment of PSUs announced and more concentration on building infrastructure.
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