Asset Monetisation Easy, But PSU IPOs Face Uphill Battle

• India's NMP 2.0 targets Rs 16.7 lakh crore by FY30, recycling capital from mature public assets into new infrastructure.
• The first NMP (FY22-FY25) achieved 90% of its Rs 6 lakh crore target, demonstrating successful infrastructure monetisation.
• The new strategy includes raising Rs 1.79 lakh crore via PSU IPOs by FY30, which is harder as investors prioritize governance and growth potential.
• Many PSUs outside banking still face bureaucratic constraints, limited autonomy, and political influence, deterring investors.
• Past reform promises, like broad bank privatisation, have seen limited progress, impacting investor confidence and policy credibility.