In which years p privatization was introduced in India?
Answers
Answer:
1991 to 2000
Explanation:
The government of India, initially started the process of privatization by partially disinvesting the shares of its select enterprises. This continued from 1991 till 2000. However, since the sale of Modern Foods in 2000, every sale has been a strategic sale
Answer:
Definition: The transfer of ownership, property or business from the government to the private sector is termed privatization. The government ceases to be the owner of the entity or business.
The process in which a publicly-traded company is taken over by a few people is also called privatization. The stock of the company is no longer traded in the stock market and the general public is barred from holding stake in such a company. The company gives up the name 'limited' and starts using 'private limited' in its last name.
Description: Privatization is considered to bring more efficiency and objectivity to the company, something that a government company is not concerned about. India went for privatization in the historic reforms budget of 1991, also known as 'New Economic Policy or LPG policy'.