Question

Explain Privatisation as a part of the new economic policy​

Answer 1

Answer:

Simply speaking, privatisation means permitting the private sector to set up industries which were previously reserved for the public sector. Under this policy many PSU's were sold to private sector. ... To increase competition and efficiency privatisation of PSUs was inevitable.

Answer 2

Answer:

Simply speaking, privatisation means permitting the private sector to set up industries which were previously reserved for the public sector. Under this policy many PSU's were sold to private sector. .To increase competition and efficiency privatisation of PSUs was inevitable.

Explanation:

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