'Aggressive lending harmed India's financial sector', says PM Modi on privatization drive

Prime Minister Narendra Modi spoke on the privatization drive talking about privatisation of non-strategic PSUs, saying the government has no business to be in business and sustaining loss-making units on taxpayers' money drains resources that could otherwise have been spent on public welfare schemes. He also announced in a webinar on Privatisation and Asset Monetisation that the government will push ahead with plans to "monetise" and "modernise" the assets of the country. He spoke about how aggressive lending has harmed the financial sector of the country. Listen to the entire speech of the prime minister on privatization with ET Now.

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