India Plans to Raise ₹1.79 Trillion from IPOs of State-Run Firms by 2030

India plans to raise approximately ₹1.79 trillion (around $20 billion) by 2030 through initial public offerings of stakes in state-run firms across sectors like railways, power, petroleum, natural gas, aviation, and coal. This effort is part of a broader ₹183.7 billion asset monetisation drive under Prime Minister Modi's second four-year plan. The government aims to divest stakes in seven railway companies, subsidiaries of power firms, Coal India, NLC India, and GAIL Gas, with funds reinvested to reduce fiscal burdens while maintaining government ownership.