Question

Disinvestment is economically correct but socially a wrong decission - Comment.

Answer 1

HEYA!!!

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In todays era of globalisation and competition, if public sectors have to survive they have to evolve. And to evolve and be competitive enough with the private sectors and global players we need to be at par with them on many aspects viz marketing technology, cost effeciency, strategic colaborations etc. In absence of this the public sectors are bound to become obsolete, loss making and then sick.

Disinvestment allows private player havin the knowledge of the sector comes in the board and help the company take actions which will make it feasable project which was other wise loss making.

And might suggest for technological innovation.

And might infuse new good managers who can motivate the work force to work effectively and efficiently. And therby contributing toward the growth of the company.

hope it helps you:)