Define Privatization. Discuss three needs of privatization in the Indian
Econonomy
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The transfer of a business, industry, or service from public to private ownership and control is called Privatization.
Sorry I don't know the answer of "Discuss three needs of privatization in the Indian".
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Privatization describes the process by which a piece of property or business goes from being government owned to being privately owned.
In India, there is a need of privatization of companies to enhance economic status. Though the PSUs have contributed a lot to develop the industrial base of the country, they continue to suffer from a number of inadequacies such as; Many PSUs have been incurring and reporting losses on a continual basis.
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