India Says Stake Sale, Reforms on Track Amid Local Lockdowns
- Government will ‘wait and watch’ how virus affects economy
- Sitharaman says closely monitoring economy on regular basis
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India is on course to sell assets and implement its Feb. 1 budget announcements despite a fresh wave of coronavirus infections and provincial lockdowns disrupting activity, Finance Minister Nirmala Sitharaman said.
“That may not affect our disinvestment program or the plan to set up development finance institutions or any other institutional reforms that we have announced in the budget,” Sitharaman said at an event by the Financial Times and the Indian Express newspapers on Thursday. “Everything is on course. We are going as it was before.”