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Politics

India's state-run companies should be cut to 'bare minimum:' minister

Finance chief wants government to operate only in 'strategic' sectors, such as defense

India's Nirmala Sitharaman: The finance minister says state-run companies should be confined to "strategic" sectors, such as defense.   © AP

NEW DELHI -- Most of India's more than 350 state-owned companies should be eliminated over the coming years, reducing them to the "bare minimum," Finance Minister Nirmala Sitharaman said Thursday.

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