Confident that LIC listing should happen by fourth quarter of this year: CEA Subramanian

An important year for privatisation, Krishnamurthy Subramanian remarked.

Chief Economic Adviser Krishnamurthy Subramanian on Saturday expressed confidence that the listing of LIC would happen by the fourth quarter of this year.

"...this year's budget has ₹1.75 lakh crores as the proceeds from privatisation. Air India is proceeding well. You must have read that there are two bids that have come. Bharat Petroleum and LIC's listing is also, we are confident it should happen by the fourth quarter of this year," he said.

"I am quite confident that this year, history will look at as a very, very important year for privatisation," he said at an interactive session as part of 'PGPMAX Leadership Summit 2021' of Indian School of Business (ISB) here.