Question

Discuss the impact of Privatization on Healthcare in India (in 500 words)​

Answer 1

Answer:

Major impact of Privatisation on Indian Economy are as under: It frees the resources for a more productive utilisation. ... - Permit the private sector to contribute to economic development. - Development of the general budget resources and diversifying sources of income.Private concerns tend to be profit oriented and transparent in their functioning as private owners are always oriented towards making profits and get rid of sacred cows and hitches in conventional bureaucratic management.

Private concerns tend to be profit oriented and transparent in their functioning as private owners are always oriented towards making profits and get rid of sacred cows and hitches in conventional bureaucratic management.- Since the system becomes more transparent all fundamental corruption are minimised and owners have a free reign and incentive for profit maximisation so they tend to get rid of all free loaders and vices that are inherent in government functions.