essay on save public sector
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it is important to note that privatization of many of the largest PSUs, which happen to be in sectors such as electricity, mining and mineral, is not at issue at the moment. For example, few advocates of privatization suggest privatizing the National Thermal Power Corporation, Oil and Natural Gas Corporation Ltd. or GAIL (India) Ltd. any time soon. What we must do, however, is to begin developing a strategy of genuine privatization of many manufacturing and services enterprises. There is little defense for keeping firms such as Air India, HMT Watches Ltd., Indian Drugs and Pharmaceuticals Ltd., Hindustan Cables Ltd. and National Jute Manufacturers Corporation Ltd. in the public sector. The discussion on privatization should be an essential part of the broader debate on governance that the recent corruption scandals have triggered.
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