Should the public sector be privatized?

Public sector should not be fully privatized.

Disinvestment means moving towards privatisation. But India is developing country and have model of mixed economy. In other words, disinvestment means lack of control on that particular product or services which we are using day by day. There must be a balance on both. Whenever there is a presence of government in any sector, the rates are controlled in better way. Private parties are working for profit and they set their goals which are mainly profit oriented, the unit of TATA's are exceptional in this matter. Promoting privatisation by sale of profit-making PSU's shows a short term target of government to generate money which is further used for budget deficit, but it may loose control on rates, which further increase inflation. It is more effective when there is proper balance between private sector and government sector. Nice playfield must be required for growth and development of developing countries like India.

According to me, yes public sector to be privatized for extent but not fully in control with privatization.

Govt have to control it but investment should be done by private bankers.

Hi guys, my name is Rishikesh Raj.

In my point of view, public sector banks should not be fully privatised because public sector banks are more concern on social obligations and less concern on making profit in contrary to this private banks work for only profit that's why private players are showing less interest in opening bank in rural (unbanked) areas and if we privatise all the banks we will be denied part of population from accessing banking facilities. Govt may loose control on their functioning too.

Thank you.

My dear friends,

In my point of view, the public sector should be privatized, because of not to be the job security, but to be like the 4s & 5s of the TPM rule. We should apply this by hook or cruck. We know government sector has a big platform for career building with finance and job satisfaction. But one thing should be remembered that privatization has its own potential to recover with a planned culture of motivation, communication, self-development, innovation, creativity &also various personal development by conducting various training programs as HR activity.

Thanking you all.

Hi friends,

In my opinion converting of public to private is not a good suggestion. It effects a lot of poor peoples.

Comparing with private Govt works for the welfare of our people, and for social justice.

I think the PSUs should be run on Public Private partnership Basis i.e.(PPP). Since we have entered in liberal economy by 1991, there is a strong need of quality services provided by the Enterprises. But unfortunately sometimes fully public owned firms can't do that due to their poor strategy and workability and hence govt incurs loss. So the solution that I think is PPP, by which the investment and administration policies would be handled by private body and Govt would play a monitoring role. By this, the job security of the employees would also be ensured.

We should not be blind to the global economy and to the typical Indian mentality of salaried employees. The Bank, the state and the economy shall grow only when it is privatized, else not. Glaring example is UTI Bank being now converted to Axis Bank. Why are people and government talking about privatization of PSU/govt? Undertakings and not the vice versa? Do you see the vice versa in Global Economy?
The answer is - NO.

Axis Bank today is nowhere comparable to erstwhile UTI Bank or even any Government banks of today. People and govt. Knows --- YOU CANT PREVENT PRIVATISATION, if you are actually thinking of the benefit of the nation. If you are ready to think selfishly about few thousands of govt. Employees at the cost of the nation, then the matter is otherwise. THERE CAN BE NO DEBATE. You can not debate to stifle the economy. Privatisation is sure to happen. Open challenge to all -- prevent it!

No, you can't.

Yes and no. After reading many comments from others view. I feel both should be equally. Our India is still developing. Not only govt. Not only private. Both should work together. Every coin has two sides. We cannot ignore anyone.

No, it must not be privatised because it is the property of government and public. No-one have right to capture it for his sake. Private facilities are always expensive and special. But some public facilities are cheaper than private facilities. So, we should not privatise public facilities as private.

No, the public sector should not fully privatise, it should public-private partnership basis i.e. PPP because it will also give better facilities and as it will base on PPP government is also involved in it. So, it will be the better solution for all.