Privatization in India

Summary: This essay discusses India’s cautious approach to privatization, often termed “disinvestment,” focusing on selling minority stakes rather than transferring control. It argues that the absence of a robust philosophical backing for privatization and a preference for maintaining government control over enterprises has hindered significant progress. It reviews various government regimes and their efforts toward privatization, highlighting the need for a shift in perception towards the role of private enterprise for substantial change.

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