Is privatization a boon or bane for India?

[VandeMataram]

Privatization means transfer of governmental control over public-owned resources to private control. It can also be called as denationalization or disinvestment. It has stared a decade back when the concept of economic liberalization started in India. Privatization comes with both pros and cons and in my opinion, it is boon for India if a balance between both advantages and disadvantages are maintained. What do you think? Is privatization a boon or bane for India?

 

[youthens]

In my opinion, privatization is a boon for India as it will help India to progress. Privatization offers less political interference and works more efficiently as it is interested in making profits only. However, it also has some disadvantages like it offers lesser job opportunities and increasing the number of unemployed. This needs to be balanced to reap the fruit of privatization in India.

 

[Bharatiya]

I'd say its a boon! Just think of India if there wasn't privatization? We would have our sluggish government working on projects which do get a green signal but never get competed. Its only because of privatization that India has improved in its infrastructure and also received a boost in its Economy.

 

[traveller]

Privatization is definitely a boon for India and has helped India to progress to a certain extent. If privatization was not there, then India would still have been struggling. It has improved the infrastructure of the nation to a remarkable extent and have helped in the economic development and progress of the nation. Although it does have certain demerits but I thinks those are not of much importance and can be easily tackled. What do you think?

 

[bharat]

Privatization is definitely a boon for India and has helped India to progress to a certain extent. If privatization was not there, then India would still have been struggling. It has improved the infrastructure of the nation to a remarkable extent and have helped in the economic development and progress of the nation. Although it does have certain demerits but I thinks those are not of much importance and can be easily tackled. What do you think?

I agree with you on this regard and Privatization is actually a boon for our nation. It has helped India progress and have economical growth. Owing to privatization, India has actually become developed and has manged to gain its position in the economic map of the World and is considered as a prospective nation to become a super power. What do you think?

 

[seema]

Without a single doubt, privatization is a boon for India. Although, it has certain disadvantages, these can easily be tacked. Due to privatization, there has been quite a remarkable improvement in the economic infrastructure of the country and the GDp is becoming better as private firms or companies are only interested in making profits and work tediously to achieve it, helping India develop and progress in the economic front.