The below table provides data regarding the disinvestment process which began in 1991 (barring two small units being CMC Limited and Patherele Concrete).
BJP privatised the central government establishments such as central public sector units which included Bharat Aluminium Company (BALCO), Hindustan Zinc[4] (both to Sterlite Industries), Indian Petrochemicals Corporation Limited[5] (to Reliance Industries) and VSNL[6] (to the Tata group) and various state government establishments which included many state public sector units.
[8] In the budgetary announcements of the financial year 2017-18, the late Finance minister Arun Jaitley announced that the government will initiate privatisation of 24 CPSUs, including Air India Limited which has been converted from a profit making entity into a loss making entity by the INC-UPA government during the year 2007-2008 and this privatisation process has been further re-initiated by the BJP-NDA government during the year 2015-2019.
[11] Since financial year 1991-92 to 2017-18 the Government of India sold public assets totalling ₹3,47,439 Crore.
In recent years, certain public sector undertakings performed reasonably well and paid significant dividends to the government,[12] whereas other PSU's such as Air India, BSNL, and MTNL made huge losses, costing the taxpayer massive amounts of money.