Question

give four argument in favour of privatisation of Indian Industry​

Answer 1

Answer:

The main arguments for privatisation includes: Efficiency gains. When firms are privately owned, there is a greater profit incentive to increase efficiency. In the private sector, managers are accountable to shareholders, who will want a good return on their investment.

Explanation:

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Answer 2

Privatization of the Indian industry is very important for boosting economic growth.

Explanation:

Privatization is a very beneficial policy for Indian industry. It can be established by the following points:

1. Privatization increases the competitive nature of the firm which helps in more profit generation.
2. Privatization allows greater autonomy and decision-making power to the owners of the business.
3. Private firms can also provide goods and services which are not great for public welfare as their main aim is to earn profits.
4. Privatization also improves the efficiency and productivity of the entire economic activities.