Privatization in India became a reality only in the early 90s. the current Prime Minister Manmohan Singh and the then PM Narsimha Rao played a crucial role in setting the ball rolling towards freeing India from the License Raj regime. And in hindsight it has paid rich dividends. The measures that were then taken by the incumbent congress government have played a huge role in driving India towards the economic prosperity we are witnessing today. However, there is a huge debate going on in parliament as well as in government and academic circles and also in the media about the advisability of pushing for privatization of other government held industries. While privatization would definitely fill the governments coffers in the short run what would be the long-term implications of such a move. Would it be akin to killing the hen that laid the golden eggs or would it have political ramifications in terms of reduced employment opportunities and the like. We will try and explore ...
cogitations of an agitated mind