confident_divya

New member
Privatization as well understood is an instrument of radical change which is brought in by the private innonvations rather than restricting it to the usual public or government management.it has contributes subststially in the development of the nation as a whole.
 

abhishreshthaa

New member
Privatization, a key component of economic liberalization remained dormant for the
nearly the entire first decade of significant economic reforms in India. The usual
explanations have been that weak governments could not overcome the many vested
interests or that there has been ideological resistance to economic reforms among India’s
elites.

Privatization is a concept that evokes sharp political reactions. It covers a great range of ideas and policies, varying from the eminently reasonable to the wildly impractical. Yet however varied and at times unclear in its meaning, privatization has unambiguous political origins and objectives. It emerges from the countermovement against the growth of government in the West and represents the most serious conservative effort of our time to formulate a positive alternative. Privatization proposals do not aim merely to return services to their original location in the private sphere. Some proposals seek to create new kinds of market relations and promise results comparable or superior to conventional public programs. Hence it is a mistake to define and dismiss the movement as simply a replay of traditional opposition to state intervention and expenditure. The current wave of privatization initiatives opens a new chapter in the conflict over the public-private balance.
 
here is an article on Privatization...
it explains the concept beautifully

Vicky, the process of transferring the government sector industry or firms to private sector in order for a purpose of benefits is called privatization. For more details, i am uploading a document where you get full information on privatization.
 

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