Should the public sector be privatized?

Ajeet Kumar.

Hello, friends, I am Ajeet Kumar, I think public sector should be privatised, because in the public sector didn't work compare to the private sector.

I am working in a govt bank. I also think privatisation is necessary but with one condition. No government business handling. No rural bank as it simply unnecessary. Also, get ready to pay higher service price for banKing services. I know how we work.

The discussion regarding privatisation of public sector is easy but very subjective complex issue why there is need for privations of public sector. It does not mean that by mere privatisation of public sector will create a miracle in terms of high turnover,high productivity, good customer satisfaction etc. However, the public sector will give a good result if following measures will be done:

1. The procedure matters in making decision for critical issues like private sector should be practical rather than on various complex formalities.

2. The work distribution among staff working in public sector should be balanced distribution according to their designation, qualifications, efficiency, salary, power etc.

3. Every concerned official should be held responsible/accountable for his performance.

4. The good policy/procedure of private sector if considers fit to any public sectors, then this should be followed, which will give good results.

So it can be concluded, if above points will be considered then there will be no need to privatise of public sector. But private sector will give example of public sector in good performance.

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.

To some extent, there should be privatization of those undertakings that do not perform well in terms of revenue, profits. Losses, savings. In pub. Sector u/takings, salaries packages, allowances etc are low.

I know it sounds weird, but doing this will eventually cause companies to state terms and conditions, which is not correct and should be allowed. Looking at developed countries yes the service is great but once the government loses control then it is very difficult to make private company public.

Privatization good because the public businesses might not have all the resources in running the business, so if It's been privatized there will be enough good and services through the introduction of more shares.

Of course there is a need for public sector to protect the interest of the poor people. They aim at social welfare. Their aim will always be to promote welfare. But nowadays private firms are also promoting social welfare. They want customer satisfaction.

They can never only focus on profit. After all these days we can see how marketing factors involve social welfare. The government has taken good decisions. It has neither given the whole control to private sector nor to itself. So I support the policies our government has taken. The mixed economy is the best.

In country like India which socio ethical country it should not happen, because privatization leads wider gap between rich and poor, rich becomes richer poor become poorer. India is a country with complex situation, when rich become richer and talents come forward.

Yes of course economy will improve, what what happens to HDI index India is country with larger poor population they need to come up in life if privatization happen this will never happen which in turn makes India a low rate income country, just analyse it in wider, don't just talk from what you see the situation in metropolitan cities, metropolitan cities contribute just 10 to 15% of population.

In my opinion privatization is good because privatization indeed is beneficial for the growth. And sustainability of the state-owned enterprises.

The advantages of privatization can be perceived from both microeconomics and macroeconomic impacts that privatization exerts.

Microeconomics advantages:

State owned enterprises usually are outdone by the private enterprises competitively. When compared the latter show better results in terms of revenues and efficiency and productivity. Hence privatization can provide the necessary impetus to the under performing PSUs.

Privatization brings about radical structural.

Changes providing momentum in the competitive sectors

Privatization leads to adoption of the global best.

Practices along with management and motivation of the best human talent to foster sustainable.

Competitive advantage and improvised management of resources.