How has the govt's disinvestment strategy changed since liberalisation?

•The government's disinvestment strategy has shifted from strategic privatisation to market-based stake sales since economic liberalisation in 1991.

•Before 1991, the public sector dominated key industries, with government ownership seen as an instrument for industrialisation and economic development.

•The government has raised over ₹1 lakh crore through disinvestment since 1991, with receipts peaking at ₹1,00,037 crore in FY18.