With each day PSUs were becoming unproductive and a liability to the Ex-chequer. The era of disinvestment began in the 1990s and disinvestment in the PSUs was considered as an option to not only stop the Government’s recurring expenditure but also give one-time large cash inflow by way of return of capital invested.
The action of taking optics seriously in itself is a break away from India’s past where Brand India was ignored to suit a particular political agenda. The Maharaja is an iconic depiction of this era and should be replaced by a smarter and more confident icon that represents the New-India.
India is on the verge of becoming a developed economy and is holding a commendable position of being the sixth largest economy of the world. We are aspiring to become a US$ 5 trillion economy by end of 2020.
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