Yes, we can say that privatisation of psu's (public sector undertaking) is a boon for future Indian economy not just in economy but in other sections also. Like
- It's helps india economy to upgrade .
- privatisation alsa provide employment to the unemployed.
- it help to control in pollution and make us free from globalisation one day .
- if they go private then cost raise and people move towards private vehicles .
- As fuel is very precious and get time to made .so by privatisation it help for the use of next generation .
But government should take care for this sector also .
Agriculture - cheaper oil and related products like naphtha should bring down fertiliser prices .it should helped specially to the farmers .etc
Privatisation of PSU's is Boon for future Indian Economy ..
* As it helps government to pay their debt .
*Private companies do not have any political agenda so they focus more on growth and efficiency and can handle better than the companies owned by govt.
* It can act as additional source of income for govt.
* As private companies focus more on growth.so service quality and product quality may get better.
* To stay competitive, private companies may invent new technologies which can help in technological progress .
* And also it is helpful in present time to improve GDP .
So , Privatisation of PSU'S may led to improvement and progress in many sectors.
India has mixed economy which have private as well as government sectors. From the early time to till now private sector helps indian government for the development of the country.
There are some advantages of privatisation:
1. No political interference: in private sector government can not interfere which decrease the corruption rate and increase excellence in working sector.
2.Good command on employees: As private sector work for profit only so there is a strict rules in productivity and efficiency in employees.
3.More salary: private sector gives high payment so that no one shift to abroad for higher wages and brilliant mind work for us not for others.
4. Customer ease
Some disadvantaged are:
1. Less job security.
2. Emotion less : single moto of private sector is making money. It does not have any emotions for poors and middle class.
3.not give stable income.
4.Interested only in reputative degrees like B. Tec, M. Tec etc. Which cause a great competition in technical Colleges.
We know without privatisation india can not developed fastly but it doesn't means that private sector rule over government sector. Privatisation is accountable as soon as it doesn't harm or violate public interest.
The transfer of ownership,property or business from the government to private sector is termed as privatisation. India has a mixed economy in which both Private and Public Sectors exist especially in the areas of Banking, Telecom, Road Transport, Education, Healthcare, Manufacturing, etc. If privatisation is used in a right way it will be beneficial for the country
ADVANTAGES OF PSUs PRIVATISATION
* The privatisation will lead to a pause in the political interference in PSUs.
* Less corruption
* Privatisation creates a situation of competition for public enterprises and they are forced to improve their efficiency.
* Better industrial relations.
* Good services
* The private sector can improve productivity by maintaining efficiency in its operations.
* Reduction in bureaucracy.
* Privatisation also provides employment.
Many developed countries such as france, Germany and United kingdom had already tried hands at it and it had proved successful in most cases. Therefore, according to me it is good initiative and will be a boon for india.
Yes, in my opinion privatisation of PSU'S is Boon for future economy becasue:-
1. In private sector company give more efforts in work because their earning is depends upon how much they work and when they earn more they give more taxs to the government.
2.Corruption also can decline from the society because people are working for their own company.so that when the corruption decline the useage or utilisation of black money will also reduced from the society.
3. Indian is having a much amount of loan and the government is giving a good amount of intrest. So when they privatise the companies the undertaking company will give a good amount of money through that money the government can clear the loan and the amount which is wasting to give intrest will utilise to do development.
Privatisation in it's purest sense means de nationalisation transfer of state ownership of the assets to the private sector.
Privatisation of psu is a boon for indian economy..
*privatisation of psu is beneficial for the growth and sustainability of the state owned enterprise.
*privatisation may increase numbers of workers and comman man who are shareholders.
*It Will to control government monopoly and attract more resources from the private sector.
*It will help in increasing long term jobs and promotes efficiency and open market economy.
Privatisation is not a easy process as people think in general. Decision is not merely based on economics but several other factors has to be taken into consideration..
Privatization of PSUs is still a debatable topic in India. It has some advantages and disadvantages both in a particular sector
ADVANTAGES
1 It may lead to the pause of political interference in PSU as a result corruption, scams, frauds decline.
2 As privatization is more concerned toward their profit goals, this will bring in increase in productivity and efficiency of employees.
3 when a particular sector makes profit, the govt also get their shares in total profit .Hence it will leads to economic growth of a country.
4 It will leads to the better services to the customers. eg: health care system ,education system.
Despite all these advantages ,there is some disadvantages of privatization.
DISVANTAGES
1 It is more profit oriented ,less focus on public interest.
2 There is a steep decline in jobs as most of them want certain qualifications also with additional competitive factors.
3 Capitalists influence with the help of power and money can be widely seen .eg :power sector .
4 There is a high employment risk in privatization .eg: during the covid pandemic many people lost their jobs in lockdown.
Conclusion
Public private partnership model serves for the govt and citizens cannot be completely neglected, many believe that privatization will boost the economy & their is not doubt that it will as their primary motive is profit only but here the question arises does it not violate public interest? So, still there is dilemma that privatization is boon or curse for the country.
The PSU's are the soul of any govt.They serve as an asset to the govt.as they promise high return. Apart from serving the govt. they also have a positive impact on the people of the country.
In India, the people have enormous faith in PSU's than the private sector.This faith is developed from the fact that they are run by the govt and they won't dupe them.
IS PRIVATISATION OF PSU'S: A BOON OR CURSE FOR INDIAN ECONOMY??
The PPP model of govt is the dream come true because in today's era of competition it is the need of the hour as recently said by our honourable prime minister too. But, everything has its own pros and cons.
ADVANTAGES:
#independence from politics
#improvement in employee efficiency
#more revenue returns
#high economic growth
#safe passage to investment
#better services to the customers
DISADVANTAGES:
#less focus on public interest
#decrease in no. of jobs
#high employment risk
#profits to the capitalists
#income variability
Therefore, the PPP model of govt would satisfy the ongoing challenges for Indian economy As the name suggest public sector aims to serve the public or the common man. Thus, switching to PPP model ,then govt. would somehow leads to the path of glory in the long run or in the future.
The Privitisation of PSU's is transfering of government-owned enterprises in the hands of private players. The concept of privitisation becomes crucial and an indespensable part of an economy after Public Sector model has been witnessed getting diluted.Some of the points given below will help in providing support to the above ideas :
*Taking a dim view of PSU's , there is zero political and governmental interventions in privitisation.
*Competition among the private players is an incentive to excel which PSU's lack in.
*Privitisation puts an end to red-tapism as they are more into target-based control rather than procedure-based control.
*Workload/Burden of work gets reduced through privitisation.
*There are great possibilities of innovations and creative ideas in private sector making it a good-to-go concept.
*Efficiency is seen more in private sector as their goals are not dilemmatic unlike PSU's.
*Private sector focuses on improving the quality of services .
Thus, the privitisation of PSU's will be a boon for future indian economy.
Generally Privatization means transfer the assets or ownership of any enterprise from public sector to private sector.
Privatization has played a major role in reviving India's economy from intensive care unit..
It is a boom for India in someways because -
1) lesser interference of political parties.
2)efficency in work
3) has helped in economic development of country
4) more revenue generation.
5) due to comptetion it helps to get better product .
6) improvement in infrastructure .
7) timely completion of project like roads etc.
8) better maintenance facility.
9) skills has increased in people due to privatisation
It is boon for India but it has certain disadvantages like
* Private sector is working on profit motive it does not work for the public welfare like public sector do .
* in public sector there is a job security, stability in the income which is not in private sector.
* as it is going through competition it is increasing inflation
* lower class will not be able to afford the private services like school, hospitals, railway service etc.
* increasing number of unemployment
privatization is hepling India to progress in many sphere so if we want to continue with this model to an extent .we need to make it accountable and government need to focus on lower section of society for their upliftment .
As the government is heading towards the privatisation of PSU (public sector undertaking) there are some major reason to doing this:
The problems faced by PSU's in india~
• poor policy making and poor execution.
• over-stafing.
• very high operation costs.
• lack of a realistic and proper pricing policy.
• lack of vision and motivation for self-improvement.
• wastage of resources or under-utilization of resources.
- After independence private sector not ready for playing this role , so government take big step to control all sector under its own .
- The reason for setting up PSU's is to strengthen the core sector of the economy and generate income and employment for the people of india.
-2nd five year plan focus on industry.
- but after new industrial policy and after the reform of 1991 Libralisation , globalisation ,privatisation, the 90% stakes are in private person hands and 10% are in public sector.
There are some of examples of PSU's or strategic :
- ISRO
- arms ammunition of defence equipment.
- defence aircraft and warship.
- atomic energy.
- application of radiation to agriculture , medicine .
- railways.
Non strategic :
- insurance , mining, power distribution companies, discom.
•With the help of PSU's govt. Provide employment , jobs.
•Due to covid-19 impact govt. bounded to enhance the privatisation because of low money, to boost up the economy.
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Yes, we can say that privatisation of psu's (public sector undertaking) is a boon for future Indian economy not just in economy but in other sections also. Like
- It's helps india economy to upgrade .
- privatisation alsa provide employment to the unemployed.
- it help to control in pollution and make us free from globalisation one day .
- if they go private then cost raise and people move towards private vehicles .
- As fuel is very precious and get time to made .so by privatisation it help for the use of next generation .
But government should take care for this sector also .
Agriculture - cheaper oil and related products like naphtha should bring down fertiliser prices .it should helped specially to the farmers .etc
Privatisation of PSU's is Boon for future Indian Economy ..
* As it helps government to pay their debt .
*Private companies do not have any political agenda so they focus more on growth and efficiency and can handle better than the companies owned by govt.
* It can act as additional source of income for govt.
* As private companies focus more on growth.so service quality and product quality may get better.
* To stay competitive, private companies may invent new technologies which can help in technological progress .
* And also it is helpful in present time to improve GDP .
So , Privatisation of PSU'S may led to improvement and progress in many sectors.
India has mixed economy which have private as well as government sectors. From the early time to till now private sector helps indian government for the development of the country.
There are some advantages of privatisation:
1. No political interference: in private sector government can not interfere which decrease the corruption rate and increase excellence in working sector.
2.Good command on employees: As private sector work for profit only so there is a strict rules in productivity and efficiency in employees.
3.More salary: private sector gives high payment so that no one shift to abroad for higher wages and brilliant mind work for us not for others.
4. Customer ease
Some disadvantaged are:
1. Less job security.
2. Emotion less : single moto of private sector is making money. It does not have any emotions for poors and middle class.
3.not give stable income.
4.Interested only in reputative degrees like B. Tec, M. Tec etc. Which cause a great competition in technical Colleges.
We know without privatisation india can not developed fastly but it doesn't means that private sector rule over government sector. Privatisation is accountable as soon as it doesn't harm or violate public interest.
The transfer of ownership,property or business from the government to private sector is termed as privatisation. India has a mixed economy in which both Private and Public Sectors exist especially in the areas of Banking, Telecom, Road Transport, Education, Healthcare, Manufacturing, etc. If privatisation is used in a right way it will be beneficial for the country
ADVANTAGES OF PSUs PRIVATISATION
* The privatisation will lead to a pause in the political interference in PSUs.
* Less corruption
* Privatisation creates a situation of competition for public enterprises and they are forced to improve their efficiency.
* Better industrial relations.
* Good services
* The private sector can improve productivity by maintaining efficiency in its operations.
* Reduction in bureaucracy.
* Privatisation also provides employment.
Many developed countries such as france, Germany and United kingdom had already tried hands at it and it had proved successful in most cases. Therefore, according to me it is good initiative and will be a boon for india.
Yes, in my opinion privatisation of PSU'S is Boon for future economy becasue:-
1. In private sector company give more efforts in work because their earning is depends upon how much they work and when they earn more they give more taxs to the government.
2.Corruption also can decline from the society because people are working for their own company.so that when the corruption decline the useage or utilisation of black money will also reduced from the society.
3. Indian is having a much amount of loan and the government is giving a good amount of intrest. So when they privatise the companies the undertaking company will give a good amount of money through that money the government can clear the loan and the amount which is wasting to give intrest will utilise to do development.
Privatisation in it's purest sense means de nationalisation transfer of state ownership of the assets to the private sector.
Privatisation of psu is a boon for indian economy..
*privatisation of psu is beneficial for the growth and sustainability of the state owned enterprise.
*privatisation may increase numbers of workers and comman man who are shareholders.
*It Will to control government monopoly and attract more resources from the private sector.
*It will help in increasing long term jobs and promotes efficiency and open market economy.
Privatisation is not a easy process as people think in general. Decision is not merely based on economics but several other factors has to be taken into consideration..
Privatization of PSUs is still a debatable topic in India. It has some advantages and disadvantages both in a particular sector
ADVANTAGES
1 It may lead to the pause of political interference in PSU as a result corruption, scams, frauds decline.
2 As privatization is more concerned toward their profit goals, this will bring in increase in productivity and efficiency of employees.
3 when a particular sector makes profit, the govt also get their shares in total profit .Hence it will leads to economic growth of a country.
4 It will leads to the better services to the customers. eg: health care system ,education system.
Despite all these advantages ,there is some disadvantages of privatization.
DISVANTAGES
1 It is more profit oriented ,less focus on public interest.
2 There is a steep decline in jobs as most of them want certain qualifications also with additional competitive factors.
3 Capitalists influence with the help of power and money can be widely seen .eg :power sector .
4 There is a high employment risk in privatization .eg: during the covid pandemic many people lost their jobs in lockdown.
Conclusion
Public private partnership model serves for the govt and citizens cannot be completely neglected, many believe that privatization will boost the economy & their is not doubt that it will as their primary motive is profit only but here the question arises does it not violate public interest? So, still there is dilemma that privatization is boon or curse for the country.
The PSU's are the soul of any govt.They serve as an asset to the govt.as they promise high return. Apart from serving the govt. they also have a positive impact on the people of the country.
In India, the people have enormous faith in PSU's than the private sector.This faith is developed from the fact that they are run by the govt and they won't dupe them.
IS PRIVATISATION OF PSU'S: A BOON OR CURSE FOR INDIAN ECONOMY??
The PPP model of govt is the dream come true because in today's era of competition it is the need of the hour as recently said by our honourable prime minister too. But, everything has its own pros and cons.
ADVANTAGES:
#independence from politics
#improvement in employee efficiency
#more revenue returns
#high economic growth
#safe passage to investment
#better services to the customers
DISADVANTAGES:
#less focus on public interest
#decrease in no. of jobs
#high employment risk
#profits to the capitalists
#income variability
Therefore, the PPP model of govt would satisfy the ongoing challenges for Indian economy As the name suggest public sector aims to serve the public or the common man. Thus, switching to PPP model ,then govt. would somehow leads to the path of glory in the long run or in the future.
The Privitisation of PSU's is transfering of government-owned enterprises in the hands of private players. The concept of privitisation becomes crucial and an indespensable part of an economy after Public Sector model has been witnessed getting diluted.Some of the points given below will help in providing support to the above ideas :
*Taking a dim view of PSU's , there is zero political and governmental interventions in privitisation.
*Competition among the private players is an incentive to excel which PSU's lack in.
*Privitisation puts an end to red-tapism as they are more into target-based control rather than procedure-based control.
*Workload/Burden of work gets reduced through privitisation.
*There are great possibilities of innovations and creative ideas in private sector making it a good-to-go concept.
*Efficiency is seen more in private sector as their goals are not dilemmatic unlike PSU's.
*Private sector focuses on improving the quality of services .
Thus, the privitisation of PSU's will be a boon for future indian economy.
Generally Privatization means transfer the assets or ownership of any enterprise from public sector to private sector.
Privatization has played a major role in reviving India's economy from intensive care unit..
It is a boom for India in someways because -
1) lesser interference of political parties.
2)efficency in work
3) has helped in economic development of country
4) more revenue generation.
5) due to comptetion it helps to get better product .
6) improvement in infrastructure .
7) timely completion of project like roads etc.
8) better maintenance facility.
9) skills has increased in people due to privatisation
It is boon for India but it has certain disadvantages like
* Private sector is working on profit motive it does not work for the public welfare like public sector do .
* in public sector there is a job security, stability in the income which is not in private sector.
* as it is going through competition it is increasing inflation
* lower class will not be able to afford the private services like school, hospitals, railway service etc.
* increasing number of unemployment
privatization is hepling India to progress in many sphere so if we want to continue with this model to an extent .we need to make it accountable and government need to focus on lower section of society for their upliftment .
As the government is heading towards the privatisation of PSU (public sector undertaking) there are some major reason to doing this:
The problems faced by PSU's in india~
• poor policy making and poor execution.
• over-stafing.
• very high operation costs.
• lack of a realistic and proper pricing policy.
• lack of vision and motivation for self-improvement.
• wastage of resources or under-utilization of resources.
- After independence private sector not ready for playing this role , so government take big step to control all sector under its own .
- The reason for setting up PSU's is to strengthen the core sector of the economy and generate income and employment for the people of india.
-2nd five year plan focus on industry.
- but after new industrial policy and after the reform of 1991 Libralisation , globalisation ,privatisation, the 90% stakes are in private person hands and 10% are in public sector.
There are some of examples of PSU's or strategic :
- ISRO
- arms ammunition of defence equipment.
- defence aircraft and warship.
- atomic energy.
- application of radiation to agriculture , medicine .
- railways.
Non strategic :
- insurance , mining, power distribution companies, discom.
•With the help of PSU's govt. Provide employment , jobs.
•Due to covid-19 impact govt. bounded to enhance the privatisation because of low money, to boost up the economy.