Economy, asked by harshsim8128, 3 months ago

privatization process in india

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Answered by maitimahua81

7

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. India went for privatization in the historic reforms budget of 1991, also known as 'New Economic Policy or LPG policy'.

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