Mr. Sanjeeva Shivesh

Today India is staring at a very important phase in its economic history: Mr. Sanjeeva Shivesh

• After the 200 years of the British rule, the ability for a common man to start and setup a business was very low in India.
• In 1955 India laid its first industrial policy eventually laying the foundation stones of the organizations like Indian Oil Corporation, NTPC, PHEL, and ONGC. These companies also did a wonderful job in uplifting India but the private sector was lacking behind.
• In 1990, India faced crisis in the aftermath of gulf war and we were in a bad shape when ‘Manmohannomics’ were rolled out. A part of it was indicating that now we should enhance the role of private sector in the growth of Indian economy by increasing LPG (Liberalization, Privatization, and Globalization).
• Also, Shri Nirmala Sithraman in Budget of FY 21-22 introduced new policies indicating that this year we’ll witness a massive sell off of the public sector enterprises. India has a total of 350 PSU and chances are that in 2 year you’ll only see 50 PSUs remaining.

Rupesh Kumar

Privatization in India is pending since long: Rupesh Kumar

• When Covid was increasing rapidly in India in 2020 our testing was very less at that time our government gave a chance to the private sectors in the main role and within the 2-3 months of it we can see its positive results.
• Privatization means the ownership of the management and control of the public sectors by the private sector in which the role of the government ceases.
• There is a need for privatization because of the two reasons First, to revive our sinking economy after the pandemic and second, because the specified PSUs are not carrying out their responsibilities in the correct manner.
• Private players are focused on the profit making hence there is a healthy competition between them. They have a great knowledge of their domain and they can bring new technologies on the table.

Mr. Rohit Sehgal

Private sector has the capability to stand up on its own: Mr. Rohit Sehgal

• Now we have this sense prevailing that the public sectors have proven to be white elephants where a lot of tax payer’s money is paid for non-productive uses and it is not necessarily the government’s responsibility to put up industries when the private sector has the ability to do it.
• I agree with the Prime Minister’s words ’It is not the government’s business to be in business’ as most of the big public sectors are the breeding grounds for corruption.
• All the non-performing assets and bad debt are due to the culture prevailing within the big public enterprises.
• Privatization is the way forward but it has to be done in a way which is transparent and leaves no iota of doubt about the integrity of the process.

Manish Kumar Jha

To raise the standard of living in our country we have to give a chance to private players: Manish Kumar Jha

• We can look at agriculture sector for an example and can see for ourselves that how the lack of privatization has affected this sector.
• According to a survey conducted by a renowned website, the private sector contribution in developed countries like UK and US in 2004 was 85-86% but India had private sector contribution of only 50%. The situation has not improved till now.
• During the pandemic we also came across a disadvantage of privatization as we saw that private hospital doctors were reluctant in treating the Covid patients meanwhile the doctors from government hospitals had to work to save their job.
• Although India is not ready for the transition yet hence we should introduce privatization in a slow manner. Those sectors failing to match up with the change should be supported by the government.

Dharam Deepak Vishwas

Privatization can help companies make healthy consumer relations: Dharam Deepak Vishwas

• The main advantage of privatization is it brings competitiveness among the players in the market and because of the competitiveness we will a better quality of service compared to the PSUs.
• Privatization can be done in two ways, Partial Manner and Full Manner. In the former, only certain share of the company is privatized while in the later one whole company is privatized.
• The concept of open economy market can also be introduced with the help of Privatization. In an open economy the investors are free to invest in any company without any obligations.
• The government should transfer the ownership of the PSUs to the private organizations fully or partially but the administrative power needs to be taken care by the government in order to check balance in order to check the balance of the different service sectors.

Palak Rai

Privatization is the need of the hour: Palak Rai

• In it’s 2021-22 budget, the government has introduced a policy for strategic disinvestment in the public sector enterprises. This will provide a clear roadmap for the disinvestment in all non-strategic and strategic sectors.
• Privatization of a company using natural resources of our country will not be a good idea as it can prove to be exploitative and privatization can become a threat to the environment.
• In 1947, there were no private players in our country hence we needed PSUs to be handled by the government. But today we have a great number of private players that can lead and pull the cart of our country.
• Privatization is the need of the hour and we should privatize most of the sectors to improve the efficiency and increase competition among the private players and modernize the services.

Arnav

Private sector has played a crucial role in our nation since 1991: Arnav

• We have seen a series of reforms after 1991 LPG reforms and since then the private sector has played a crucial role in the development of our nation.
• We have approx. 300 PSUs working in our nation which is a big number. But the main problem is that they are not working efficiently.
• Privatization of the PSUs will be a good step as it is the need of the hour in order to provide a competitive market, a good price, and services. But we have to think upon whether the nation is ready for it or not.
• Some of the private sector services are extremely exploitative. For an instance private hospitals charge very high fee for their treatment which is unaffordable for the common men. Therefore, some of the services should not be privatized.

Kamaluddin Raza

Privatization won’t help in improving situation of our country: Kamaluddin Raza

• Privatization is necessary but we need to decide the circumstances and the sectors in which it should be done. Approx. 80% Indian citizens live a middle class or poverty filled life. Will they be able to bear the exploitation by the private companies?
• The government’s decision for privatizing the government hospitals can prove to be a big blow on the poor people who get the facility of free treatments from the government hospitals.
• Some services like Railways, BSNL, School and Colleges have already been privatized by the government which has resulted in a heavy burden on the pockets of the common men.
• The government is diverting Indians from the real issues like unemployment, falling economy, and inflation. Privatization is only going to worsen the situation of our country.