Question

what do you mean by privatation and explain factor effecting in india​

Answer 1

Answer:

There are number of factors that affect privatization in India which are related to the political factors, economic factors or and the working of public sector companies. Explanation: Privatization would create an enormous impact on the economy and revenues of the economy.

Answer 2

Privatization can be defined as the process of shifting focus and industries to the private sector.

Explanation:

• Privatization can be defined as the process of providing assistance and patronage to private industries.
• It also involves shifting various industries to the private sectors as the private firms are more effective and competitive in their approach.
• The various factors influencing the privatization of any economy include targeting high economic growth.
• The dysfunctioning nature of public sector firms and recurring losses by them are also the reasons for privatization.
• Privatization in India is also a major step towards increasing the international business and economic standing of the country.