Question

explain the main features of privatisation of indian economy
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Answer 1

Answer:

Lack of Government Interference – Privatisation reduces indulgence and interference of the state in the activities of a company. Economic Democracy – Privatisation dilutes state monopoly and allows private companies to participate in economic activities more democratically.

Answer 2

Feature of Privatisation

•Transfer of Ownership – In privatisation, ownership of a company, undertaking or property is transferred to the private sector.

• Lack of Government Interference – Privatisation reduces indulgence and interference of the state in the activities of a company. 

•Economic Democracy – Privatisation dilutes state monopoly and allows private companies to participate in economic activities more democratically.