Economy, asked by ursrandhir2316, 1 year ago

Privatization of public corporation and its impact in india

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Answered by ayush579
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I feel that privatization has a positive effect on the Indian economy. For starters, it helps in growing the economy even if it is not through the traditional means of the government being in control. Take the education sector, for example. Many parents prefer putting their children in private schools that offer way better quality of education that government schools. They are willing to may much higher fees so that their children can enjoy world-class education with global amenities and facilities. However, when you see the larger picture, there is a risk of short-term gains and lesser emphasis of the welfare of the society as a whole.  :-)
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