Privatisation in India: Challenging economic orthodoxy by T Ram Mohan

By T Ram Mohan

over the last decade India has been venture a programme of monetary reform, and while the economic climate has been growing to be at a excessive cost. As a part of the reform programme, and in response to winning financial considering, India has been privatising its huge, ungainly public region. One assumption underlying this programme is the dogma that public zone organisations are doomed to inefficiency, and that aggressive marketplace forces will be trusted to make organizations extra effective after they are privatised. yet is that this relatively precise?
Combining rigorous info research with case reviews to supply a balanced assessment of the method of deregulation and privatisation in the total context of financial reforms, the writer demonstrates, remarkably, that, opposite to the existing view, deepest area corporations don't outperform public area corporations throughout all sectors. He additionally indicates that revenue-raising concerns have weighed extra seriously with the govt. than potency ambitions. total, this examine of the reform procedure in India, with its exact longstanding mixture of deepest and public sectors, can be of serious curiosity to all these learning reform and transition worldwide.

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