New Delhi may seek to raise record 1t rupees from sale of state assets

New Delhi

INDIA'S government may look to raise as much as a record one trillion rupees (S$20.5 billion) from the sale of state assets in the next fiscal year to help meet tough fiscal deficit limits while giving it room to boost spending and woo voters before general elections that must be called by early 2019.

Investment bankers and economists expect the finance minister, Arun Jaitley, to set an ambitious target for the year beginning on April 1 following strong sales in the current fiscal year to the end of March.