Authors :
Jaskirat Pratap Singh Walia; Sudhanshu Patel
Volume/Issue :
Volume 9 - 2024, Issue 7 - July
Google Scholar :
https://tinyurl.com/vxp77nwv
Scribd :
https://tinyurl.com/45kptp8z
DOI :
https://doi.org/10.38124/ijisrt/IJISRT24JUL1020
Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.
Abstract :
An important change from an essentially state-
controlled economic structure to one in which private
businesses are major players is represented by the
privatisation of the Indian economy. This action was
taken in the early 1990s as a part of a larger series of
economic reforms with the goals of boosting economic
development, encouraging competition, and raising
productivity. The shift to privatisation affected many
important companies, but it also advanced finance and
telecommunications, enhanced foreign direct investment,
and enhanced service delivery. Nevertheless, there were
additional difficulties with the privatisation process,
including as opposition from the political establishment,
obstacles from regulations, and issues with social fairness.
India's economy has profited immensely from
privatisation in terms of enhanced market integration,
innovation, and economic success despite these obstacles.
An overview of the reasons for the privatisation initiatives
in India, as well as the procedures, conclusions, and
current discussions, are given in this abstract.
References :
- Privatisation of Airports. (n.d.). https://www.spsairbuz.com/story/?id=892&h=Privatisation-of-Airports#:~:text=Privatisation%20of%20 airports%20in%20India,two%20largest%20in%20the%20country.
- Privatisation in India on JSTOR. (n.d.). https://www.jstor.org/stable/4418227?casa_token=iE6z0zBUhLsAAAAA%3AHPz0P-xHwTKHaiGpxZWuUkCMyZsop3H9BGXlNfOUz7uQsNXvDBt_6y2jvGW9TSNBRr_iLF_HPFgI1anzftBNrxCvflQKYuDLVr78rWA5IL5nMcycBGvriA
- Bhardwaj, A. (2022, October 21). A Brief History Of Privatisation In India: Policy, Politics and Failures. https://www.outlookindia.com/. https://www.outlookindia.com/national/a-brief-history-of-privatisation-in-india-policy-politics-and-failures-magazine-229654
- An Introduction to Privatisation | Economic Reforms in India | RBI Grade-B Exam. (n.d.). https://www.careerlauncher.com/rbi-grade-b/privatisation/
- Ahirwar, S. (2022, March 15). Impact of Privatization on Indian Economy. Taxila Business School. https://taxila.in/blog/impact-of-privatization-on-indian-economy/
- Munjal, D. (2023, February 9). Explained | The status and proceeds of disinvestment. The Hindu. https://www.thehindu.com/business/Economy/explained-the-status-and-proceeds-of-disinvestment/article 66485958.ece
An important change from an essentially state-
controlled economic structure to one in which private
businesses are major players is represented by the
privatisation of the Indian economy. This action was
taken in the early 1990s as a part of a larger series of
economic reforms with the goals of boosting economic
development, encouraging competition, and raising
productivity. The shift to privatisation affected many
important companies, but it also advanced finance and
telecommunications, enhanced foreign direct investment,
and enhanced service delivery. Nevertheless, there were
additional difficulties with the privatisation process,
including as opposition from the political establishment,
obstacles from regulations, and issues with social fairness.
India's economy has profited immensely from
privatisation in terms of enhanced market integration,
innovation, and economic success despite these obstacles.
An overview of the reasons for the privatisation initiatives
in India, as well as the procedures, conclusions, and
current discussions, are given in this abstract.
