India still has to mop up Rs 34,000 crore in three months to meet disinvestment target

The government has managed to garner only 48 percent of the budgeted amount for disinvestment for the current financial year, according to the Economic Survey. An amount of Rs 65,000 crore was budgeted as the disinvestment target in last year's Union Budget.

"The pandemic-induced uncertainty, the geopolitical conflict, and the associated risks have posed challenges before the plans and prospects of the government's disinvestment transactions over the last three years," according to the survey document.

However, the government is committed towards disinvestment and privatisation of Public Sector Enterprises by implementing the new Public Sector Enterprise Policy and Asset Monetisation Strategy, according to the survey.