Privatisation in India: challenging economic orthodoxy

"Over the past decade India has been undertaking a programme of economic reform, and at the same time the economy has been growing at a high rate. As part of the reform programme, and in line with prevailing economic thinking, India has been privatising its large, ungainly public sector. Combin...

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Bibliographic Details
Main Author: Mohan, T. T. Ram 1956- (Author)
Format: Book
Language:English
Published: New York, NY [u.a.] Routledge 2005
Series:India in the modern world
Subjects:
Summary:"Over the past decade India has been undertaking a programme of economic reform, and at the same time the economy has been growing at a high rate. As part of the reform programme, and in line with prevailing economic thinking, India has been privatising its large, ungainly public sector. Combining data analysis with case studies to provide a balanced evaluation of the process of deregulation and privatisation within the overall context of economic reforms, the author demonstrates, that, contrary to the prevailing view, private-sector firms do not outperform public-sector firms across all sectors. He argues that the dominance of family businesses, rather than professionally managed firms, and the level of corporate governance are important constraints on the privatisation process in India. He also shows that revenue-raising considerations have weighed more heavily with the government than efficiency objectives
Broadbased shareholding of public-sector firms, not sale to private groups, should, therefore, be the preferred route to enhancing efficiency at public-sector firms. Overall, this study of the reform process in India, with its unique long-standing mix of private and public sectors, will be of great interest to all those studying reform and transition worldwide."--BOOK JACKET
Physical Description:XX, 218 S. graph. Darst. 24 cm
ISBN:0415331919

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