India Shifts Economic Strategy - Modi Government Abandons Privatization for State-Run Investment Push

In a significant policy reversal, the Indian government under Prime Minister Narendra Modi has reportedly decided to abandon its ambitious privatization agenda in favor of substantial investments in state-owned enterprises. This strategic pivot marks a notable departure from the administration's previous market-oriented approach, suggesting a renewed focus on strengthening public sector units through direct capital injection. The move could have far-reaching implications for India's economic landscape and signals a potential realignment of the government's economic priorities heading into 2025.

Source: The Economic Times