Tag Archives | Privatisation

Paragraphs on Privatization in India! In India, only with the advent of New Economic Policy the Privatization, liberalization has been introduced as a policy. Soon after independence, the public sector in India, both Central as well as States, expanded indiscriminately to create vested interests by the politicians. State Governments set up public corporations in several fields to expand the empire [...]

Paragraph on Privatisation! Privatisation generally means the transfer of ownership and/or management of an enterprise from the public sector to the private sector. It also means the withdrawal of the State from an industry or sector, partially or fully. Privatisation, as an economic policy has been gathering momentum throughout the world since 1980. More than 8,500 States owned enterprises have [...]