India’s fiscal outlook has improved from the worst-case scenarios officials were contemplating at the height of the Iran war, with the government now set to exceed its asset-sale target for the first time in eight years, according to people familiar with the situation.
A long-delayed privatization of IDBI Bank will likely see the government surpass its 800-billion-rupee ($8.4 billion) annual disinvestment and asset-monetization target, the people said. That would mark the first time since 2018-19 that the government would meet the budgeted goal. An announcement on the IDBI deal is expected soon, the people said.
