The government is poised to exceed its Rs 47,000 crore disinvestment target for the current fiscal year, said DIPAM Secretary Arunish Chawla on Monday. Speaking at the Network18 Reforms Reloaded event in New Delhi, he highlighted the government’s “balanced” approach towards supporting the economy, combining GST reforms, direct tax relief, and steady public investment.

Chawla noted that one-third of the annual public investment target had already been achieved by July, attributing this progress to front-loaded reforms that accelerated budgetary spending and investments across sectors.

Public Investment and Capital Market Reforms

In a conversation with CNBC TV18 Managing Editor Shereen Bhan, Chawla confirmed that public investment through budgetary support remains on target, with 33% of the yearly goal met by the end of July. He emphasized the democratization of capital markets as a significant reform, pointing out that two-thirds of domestic institutional investors (DIIs) are individual investors, underscoring increased retail participation in the market.

Between January and August, while foreign institutional investors (FIIs) withdrew Rs 1 lakh crore, DIIs invested a substantial Rs 5 lakh crore, reflecting robust domestic market confidence.

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Focus on Disinvestment, IPOs, and OFS

Chawla further stated, “As markets stabilise, we will bring in more offer-for-sale (OFS) deals, minority stake sales, and a few IPOs, speeding up the disinvestment process.” He expressed confidence that these measures would help the government surpass its Rs 47,000 crore disinvestment target for the fiscal year.

He also urged policymakers and investors not to be overly focused on headline numbers, stating, “We are in a phase of growth convergence. If we can grow relative to global growth, we should be thrilled.”

GST Reforms to Reshape Economy

With the revised Goods and Services Tax (GST) regime coming into effect from September 22, significant changes are expected in business operations, consumer purchasing behavior, and investor outlook. Chawla highlighted that these reforms aim to simplify taxation, boost compliance, and drive efficiency across industries.

The Reforms Reloaded event gathered top policymakers and influential government voices, including CEA Nageswaran, Amitabh Kant, and Nilesh Shah, to discuss the implications of the GST reform and the opportunities it presents for consumers, businesses, and investors alike.

Key Highlights

Government confident of exceeding Rs 47,000 crore disinvestment target in FY25.
33% of the public investment target was achieved by July due to front-loaded reforms.
DIIs invested Rs 5 lakh crore while FIIs withdrew Rs 1 lakh crore between Jan–Aug.
Government plans more OFS deals, minority stake sales, and select IPOs.
Revised GST regime from Sept 22 to impact businesses, consumers, and investors.
The event featured top policymakers to discuss reforms and growth opportunities.