Should the public sector be privatized?

According to me some public sectors should need to be privatized.

Because we all have an experience of the private services and the government services.

For example. If you talk about the healthcare which is a public sector.

And if we compare the conditions of a government hospital and a private hospital, we will definitely get a lots of differences between the services they are providing. etc

I don't know about the other cities but. Whenever I got the chance to read newspaper sometimes I see the news of such type like there is no machine for X-rays. etc. In the biggest government hospital in my city and people are obliged to go to the private clinics for those check ups.

Also I have an experience of doing training in a government industry where I see that according to the time schedule employees need to work for 8 hours but they make their own schedules and work only for 3 hours which is really bad.

That is why I am agreeing with that point, that some public sectors need to be privatized.

Hello guys,

At the time of Independence, our economy was backward & stagnant. At that time there was no infrastructural base & also, there was lack of capital & incentive among private entrepreneurs for privatization. Therefore, direct intervention of the state was considered essential. But later in this sector corruption, case of pilferage & leakage is increasing day by day.

Therefore, since today we have infrastructural base as well as private enterprises who want to invest their capital for privatization. From my point of view privatization is the only way for development & growth of country. Privatization is not only beneficial for rich but as well as for poor, for instance, poor will make efforts for their own development & growth. They will become independent & will do some work for their better future. They will not dependent on government polices or scholarships. It will help them or give a reason for living.

Also privatization will foster development of our country. As we know that in 2015, till our country is backward compare to others.

Thanks for paying attention.

Yes, I think privatizing the public sector could help the government as well as the unemployed youth of our nation because most of the prestigious jobs are the sole called govt jobs. If these jobs would be privatized more job would available to download youth who are ready to take up private jobs and work hard. Also, it will reduce the burden on the govt and hence will work better.

According to me, the private sector is very important because there are lots of facility as well as lots of ambition which we are able to work properly by heart by all means. As far as government.

The government can't provide these facilities because it has no option for doing good work that's why the private sector is very necessary neither for me nor everyone.

I have some points:

1) Privatizing PSU is ok only by Improving strong regulatory body like RBI, SEBI, IRDA etc.

2) Proper Labor Security should be provided and it should have proper vigilance from labour department.

3) it Is also right that when we have regulatory authorities like RBI, SEBI then we no need the government to do business.

Yes, because in India 60% of PSU's employees don't deserve that. Private companies are meant for their service and because of privatisation competition is increases. Higher competition leads to better services at a lower cost.

Hello friends.

I believe both public and private sectors have their own pros and cons for instance red tap-ism, lack of interest and dedication are few against public sector yet there is a brighter side to it like they really do have a very systematic approach (though not functioning at par now) they are more concerned about public welfare (that is the basic underlying principle and the reason behind their nomenclature) unlike private where the basic principle is profit maximization. Public sector even after so many stigmas attached to their very existence caters more public and have highest beneficiaries under their umbrella.

Needless to redundant that private sector have a very dedicated and highly motivated staff, negligible corruption etc. But we must not forget the fact that we live in a nation where majority is combating the battlefield for survival where still people are starving and can not fetch even the basic amenities. So in a nation like this we can not afford to think like an American we have to think like an Indian.

So my friends I believe that rather than debating which is better public or private or should we privatize the public sector (presuming that private sector is better) we really need to think for a sustainable and holistic approach which in my opinion is PPP (public private partnership). PPP should combine the goodness of both and eliminate the cons.

The public sector has much higher potential than the private sector. But on the other hand, it is also true that job seekers or employee of public sector think that in government sector one just not need to do much work compared to the private sector. It is we who have set this mentality. Our government is much capable of looking after each and every field, and the workers too are more capable there compare to the private sector in every aspect. Only thing we need to change our own mindset.

I have two points of views towards the privatization of banks. One is if we privatise the banks it is a possibility that they can't make an enough faith among the people who are living in rural areas and especially in illiterate peoples because they have a presumption that private banks are not their governments banks and it is also possible that private banks first go for their own profit after they think about public services. In another hand, if we privatize the banks it is also good for Indian banking system. We all know that public sector banks are too much loss-making in India and we also know that to have a member of global banking fraternity banks should have followed the basel-3 norms. According to these norms, banks need a defined capital requirement and nowadays it seems difficult to maintain this because of so many NPA's and other adverse consequences in banking. So I think it is the need of the hour to privatize the public sector banks.

Hello friends.

In my opinion, industries should be nationalised in India. As you know, our government is engaged in the task of improving the national economy. This is possible only by the planned development of various industries and services so that each complements the other.

Therefore it becomes necessary for the government to control the channels of investment. It is for this reason that during the last few decades, the government of India has established a number of industrial undertakings like the steel plants and other heavy industries. The alternative to a planned economy is the domination of the financial sector by a handful of rich houses in the country. I am sure we all are aware of the evils of capitalism, we know how vested interests can manipulate the markets and prices. In this way, it twists the arms of the popularly elected Governments and thus prevents them from taking measures designed to uplift the masses. If the government is to be responsible to the people for their welfare, then the government has to control the levers of financial power. This is possible only if controls the larger industries. Hence, I convinced that investment in the public sector is a very sound step and we should not be discouraged by the initial setbacks. It is true that the initial cost of these ventures has been high and they have presented peculiar problems but they are bound to become a source of revenue and grand national assets in the years to come.

JAI HIND.