Question
Give a critical assessment of privatisation of industries in India.
Answer :
Word Count : 302
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Over the last 58 years or so, the performance of India’s public sector enterprises has been severely criticised.
Truly speaking, the public sector enterprises have been set up not merely out of ideological considerations of building a socialistic pattern of society.
In truth, the necessity for creating adequate infrastructural facilities was the most important consideration leading to the expansion of the public sector.
This is in view of the fact that the private sector is not only hesitant, but also incapable, of building social overhead capital. In a mixed economy framework, the two sectors are expected to play a complementary role. But what
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