Should the public sector be privatized?

Yes its true that privatisation is a need of hour. But the question is full or partial, according to my point of view partial. As our economy is a mixed economy, only privates and only public can't do well. As private banks were introduced to bring competetion in banking sector. In the same way it can be done with other sectors, keep it under Goverment's control upto a limit and further leave it on market forces, let them compete and exist. It will increase productivity, efficiency, cut costs, increase profits and provide better service.

Hi friends,

In my point of view, both public and private sectors playing an important role in the economic and social development of our country. But their approach differs. Private sectors are mainly concentrated on profit making where as public sectors are service oriented along with profit making.

All that we need to do is to adapt the quality of work, importance to customer service and technology from private sector organisations. In my point of view, privatization of public sector should not be done. If privatization takes place the trust and sense of belongingness of public which public sector has developed all these years will be in doubt.

Thank you.

Hello everyone.

No doubt everyone wants a public sector job but according to my point of view there is a huge difference in public sector and privet sector, in public sector basically they have no fixed target, actually they have fixed target but no one is exactly responsible for failure in incomplete of target, for example a company name as HINDUSTAN PAPER CORPORATION this company is in the loss of almost 7,00,00,000 every year from 2008 to till 2014 but this company is still working so, that means no work pressure on the employes of public sector and also because they have fixed salary, but employes of private sector have a workload because if they do not do their work they may lose there job, so for overcoming on such types of problem I think private sector is far far better than public sector for both self and INDIA development.

It's good to see that many of us think about the our country India. I read the discussion which was left open, and I respect every point discussed over here, but I personally feel that if the Government of India goes for Partial Privatization in the sectors like Indian Railways, our railways system can grow much better then is is right now; full privatization will lead to monopoly of the private players in the market which will lead to hike in prices for the customers, we say 80% of India's GDP comes from the 20% customer then by privatizing we are neglecting those 20% customers or the citizens of India.

Let's go for the partial privatization or for the outsourcing of the product(s). As we all know the IRCTC is already been passed to Google to handle, Jindal steel is providing the best of the railways tracks.

If not Privatization, then we do have another option to increase the rail(s) for the cargo industry rather than increasing in the passenger. I'm not saying no to increase in train for passenger but after some period of time when the Railways get in to some good profits.

Other sectors I do not know of much but mostly railways needs privatisation right now in India. It's not feasible for such a big and full of prospects industry is being wasted in such a shameful manner. It's such a service which never has been unused for a day! And yet has been running in dreadful losses from we do not know when! Indian economy in my opinion (which may be wrong too! I'm not perfect) can gain a lot from this industry. Yes there should be a controlling boards just like there is in telecom (i.e. TRAI) which will keep a bar over the prices so it won't be unreasonably high!

Someone here posted about corruption in public sector. It doesn't mean that private sector is free from corruption scams like Satyam has costed a lot of people. So privatization is not panacea to all Problems, If That would be USA wouldn't have faced such a worst economical slowdown.

We are all aware that Private Companies work Only for One Purpose i.e. PROFIT, Nothing Else, Railways is Asset of the Nation this is true that there are many challenges before Railways Poor Sanitation and Frequent Accidents are few of them. Yet These issues need to be addressed within Government Domain, Apart from being Lifeline of Nation, Railways is quite Sensitive even from the perspective of national security, What can be done is lot of other works can be Outsourced to other Private Players, so that Railways may focus on its core issues.

Public sectors shouldn't be privatized because the sectors like education, health, transport, Oil & Gas, are serving the poor people a lot. If these sectors are privatized the poor people cannot afford the prices of private sector.

And some say, public sector should be privatized as government is not efficient, and also, is embroiled in corruption in nearly every department, whether it education coalfields, sports, telecommunication, railways etc. And also many of these departments are under heavy losses.

Hello friends,

I think private sectors provide good services with high prices and public sectors provide low services with low prices, here we have two options either improve efficiency.

Of public sector by providing them more job responsibility and put strict control on their work activities in order to that transparency and work efficiency will improved or second option is reduce the prices of private sector by controlling over the prices by government.

Hello everyone.

In favour of - public sector is good for all class of people. Just govt should take a note of d employers to how much extend they are working for people in less time and try to work efficiently for d customer. If there is no complain with the public sector than why to make it private.

In against of-there is more corruption in public sector. And they are not working in a efficient manner. If people will not work in a private company they will thrown out the company. So many of the public sector which are less efficient can be privatised.