Essay on Impact of Privatization
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Impact of Privatization Essay
Almost everything in India was under the public sector until a few decades back. The scenario had been the same ever since the country’s independence in 1947. However, the public sector soon began to suffer losses in various fields and there was a shift to privatization. Public sector units have been serving the Indian public ever since their initiation post independence. However, they have their set of limitations. Keeping this in mind, many sectors in the country have been privatized. The impact of privatization in India has been a topic of constant debate.
Long and Short Essay on Impact of Privatization in English
Here are essays on Impact of Privatization of varying lengths to help you with the topic in your exam. You can select any Impact of Privatization essay as per your class standard and requirement:
Short Essay on The Impact of Privatization – Essay 1 (200 words)
Privatization is basically the process of shifting public sector units in the hands of private owners. Privatization in India mainly started post independence. Many developed countries such as France, Germany and United Kingdom had already tried hands at it and it had proved to be successful in most cases. There are a number of reasons owing to which the government of a country takes the decision to privatize certain sectors.
Some of these include lowering the burden of the government, coping up with the financial losses, providing better services and enhancing the overall customer experience. While certain countries have benefited from privatization others have failed drastically. India has seen a mixed result. While some industries in India are doing a good job post privatization others have dipped the quality of services and raised the prices.
There is an on-going debate over whether the government should privatize the public sector industries or run them on their own. Different people have different views on this and the government has its own take. However, the truth is that privatization has its share of advantages as well as disadvantages. The impact of privatization has been negative in certain cases but it has also yielded its set of positive results.
Essay on the Effects of Privatization on Government Economics – Essay 2 (300 words)
Introduction
Privatization is the process of shifting the public sector industries to private sector. The decision for privatization is taken to lower the burden and role of the government in different industries. It affects the government in various ways. The government economics are impacted a great deal by way of privatization.
Effects of Privatization on Government Economics
The effect of privatization on government economics is largely positive. This can very well be judged by the speed at which the government is privatizing various industries that were once governed by the public sector. Many industries under the public sector in our country had been suffering major losses owing to poor management, inadequate knowledge of the owners and lack of proper resources. The brunt of this loss had to be borne by the government as public enterprises were funded by the government. It affected the government economics adversely.
The decision of privatizing various sectors has come as a relief to the government. This has reduced the wastage of government resources and wealth. Privatization has led to the power in the hands of more learned and skilled professionals. The government tests the efficiency of the prospective private owners before handing over the responsibility of a particular sector to them unlike when it is in the hands of the public sector. Until an industry is under the public sector it is governed by the government and there is a lot of interference from the political parties.
A lot of politics and corruption goes about in such cases. A number of scams related to various sectors that have been revealed in the past are an example of the high level of corruption th
Impact of Privatization
Explanation:
Privatization is the process of shifting the public sector industries to private sector. The decision for privatization is taken to lower the burden and role of the government in different industries. It affects the government in various ways.
Privatization is important to economy ,it brings lots of jobs and scale up a healthy competition in the market and reduces the price without which public sector would enjoy the monopoly .
Privatization has a lot of benefits. It reduced the government’s debts, improved the services and also helped in introducing innovative products. Moreover, it also stopped any political interference plus brought competitive rates.
Privatization also has some major drawbacks. Its main aim is to make a profit with little care to consumer wellness. There was also a price rise plus corruption rise after privatization. Moreover, it also created a lack of transparency and ambiguity in society.
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