How India can easily build a sovereign fund double the size of Temasek

The Narendra Modi government’s report card with investors contains at least one ‘below-expectations’ outcome: The privatisation of state-run companies under his decade-long watch. In hindsight, that may be a blessing for the next administration, if it is keen on seizing the opportunity. The stock price rally of state-owned companies in the last few years has opened a new avenue for the state to modernise the way it runs businesses and how to