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PSUs basket was the darling of 2023. Will it be a repeat in 2024? A Balasubramanian answers
The finance minister's brevity in the announcement reflects the clarity in India's vision statement going forward. The confidence in the finance minister is backed by the success of government programmes, rising per capita income, and emphasis on infrastructure investment. The PSU sector will benefit from the efficiency of public sector companies, their business potential, re-rating, investments in ROI and technology, and their support to the government. The divestment target of Rs 50,000 crore indicates further opportunities for the PSU space.