Archive: 2023 / 05

Why did Modi sell Air India?

In a recent move, Prime Minister Modi decided to sell Air India, a decision that has been met with mixed reactions. One of the primary reasons behind the sale is the airline's massive debt burden and its inability to generate profits, despite numerous attempts to revive it. Selling Air India will allow the government to focus on other areas of development, rather than continually investing in a loss-making entity. Additionally, the privatization of the airline is expected to bring in much-needed efficiency and competitiveness to the sector. Ultimately, the sale of Air India is seen as a strategic move aimed at improving India's aviation landscape and reducing the financial burden on the government.