In 2014, Narendra Modi famously said something along the lines of, “Chay bechi hai, par desh nahi bechunga” (I have sold tea in the past, I won’t sell my country). As we fast forward five years, it seems like he has gone back on his words. The Indian government has decided to sell its stock in Public-Sector Undertakings (PSUs) to relieve their cash strain. The elephant in the room now is:
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