The government's ₹2.1 lakh crore sell-off target is achievable with half of this amount expected to be met through the spill-over deals of Air India, BPCL and Concor and the remaining ₹90,000 crore through just 6-7 per cent stake dilution in state life insurer LIC, Chief Economic Advisor K.V. Subramanian has said amid questions being raised over meeting such a huge amount when the current fiscal disinvestment revenue target was lowered by 40 per cent.

As per Budget 2020, out of the ₹2.1 lakh crore target, ₹1.2 lakh crore is expected to come from IPOs, strategic stake sales, buybacks, and OFSs, while the government expects to raise ₹90,000 crore through the sale of stakes in state-owned life insurance company LIC and IDBI Bank.

Doubts of disinvestment targets not being possible to be met next fiscal have been raised at various quarters as apart from a higher amount of ₹2.1 lakh crore, the government has also lined up listing of Life Insurance Corporation which needs a change in the LIC Act and several other changes prior, which could be time-consuming enough to be completed in 10-12 months.

The uncertainty over meeting the target also arises as most of these deals depend also on conducive market conditions (as in the case of IPOs) to be able to sail through and also on the foreign and domestic bidders in case of BPCL and Air India.