Should the public sector be privatized?

Hello friends,

In my point of view public sectors should be privatised. Because,

1. The work efficiency of employees of private sector is much more high than that of public sector organisations.

2. Government Is trying to minimize the corruption. But it is just for a shouting. Practically too much corruption is there in public sector. But in private sector the organization is very much conscious about corruption. So it will be minimized.

3. The private organization are more eager to implement the advance technologies and trying to increase product value larger.

4. The employee who is loyal and efficient gets more scopes and rewards in private sector.

5. Private sector creates the environment such that the employ learning capacity improves, laziness of employ decreases. So private sector employ become more efficient than public sector. In public sector the good employs learn laziness and become less efficient.

6. Package of employee of skilled persons are too much in private sector.

7. Moreover for the same investment private sector earns more profit.

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.

Hello everybody,

In my opinion our economy, The Mixed is best one, where both private and gov sectors are parallel players. It gives consumers a large vivid options to get served as per his own needs. For eg, in telecom sector, we have large number of options, if you priority is low cost go for BSNL, if your priority is fast services go for rest of networks.

So in my view, public sectors should not be converted in private but private players should be allowed to invest in public sector, What is the problem if on tracks of Indian railway few more trains of Tata and Amabani will run? Let customers decide whether they have to go on government trains or private.

According to this topic, in my view, the private sector is better than the public sector, because.

Private sector gives more employment to the people because it is business.
Private sector complete the work at right time.
And improve the economy, because they want to give more income tax to the government.

Hey guys,

So lets just briefly talk about the difference between privatization and disinvestment.

Disinvestment means selling off shares from companies, retaining more than 50% of the stock with oneself.

Privatization means selling more than 50% of the PSU's stock and giving up ownership to private companies.

The privatization of PSU is not a great option in a country like India where Price is a very important factor to determine the demand. Private companies may increase the price at any point in time if they want to earn a good surplus or to set off the loss incurred. No regulations can be imposed regarding pricing. No proper transparency will be maintained. Consumer exploitation will be easy.

Core industries should not be privatized by the government, at least.

Hi friends, our government runs because of public sector and if it is privatized then there will be no government in India. You all said that public sector people is so lazy and corrupting people.

Why should not we fight against corruption in India? Try to change our government. If public sector privatized then.

1) All our daily needs will become more expensive.

2) The people who are dreaming to work in the public sector their dreams get shattered.

3) The public sector worker will get pf, pensions etc, which will be useful for their future.

Hence, try to change India as a good working government.

No, it should not be privatised because government Works not only for profit perspective but also for social obligation. Every welfare schemes are implemented by government Banks in a better way and deal with mix standards of people.

The public sector should be privatized with some terms and condition should be followed and work with the suggestion of the public sector.

It is both good and bad for people of any country. For example, it provides more employment but not thinks so much about the employer's health and death.

Firstly we have to understand what is privatisation in simple word?

So in simple words, privatisation is giving ownership of public sectors to private player.

About it is good or bad,

What I think is privatisation is good but under some conditions or limit by the gov, because privatisation has both advantages and disadvantages as well. So for conclusion, we have to analyse both advantages and disadvantages.

So, frst we talk about some advantages:

Privatisation helps country to deal with unemployment by providing more job opportunities and this helps in countries economic growth. Also, private sector provide better services then public sectors. Because of privatisation, companies works freely without pressure of politics, which reduces corruption. Also employees in private sectors are more disciplined then employees of government Sectors because they have regular check but govt employees didn't have any regular check on them, thus they take their job responsibility very casually. Private sectors works very smooth with proper rules and regulations and they are also doing better then public sectors. We can see a live example by analysing difference between private and govt schools. Studies in govt. School is not very good as compared to studies in private schools. Private schools are far better then public schools in term of majority of things, they provide good infrastructure with disciplined faculty and also variety of events for extracurricular activities.

So, these are some advantages, now we analyse some disadvantages of privatisation-.

So, main disadvantage of privatisation is increase in price of services and this is a major flaw in privatisation. In privatisation, private companies mark price of their goods and services very high as compared to public sectors. We can see examples as jio, airtel etc. No doubt they provide better services but for middle class and poor people increase in price is a very big issue. One more drawback of privatisation is unstable jobs. Jobs in public sectors are very stable as compared to private sectors. Private sector puts a lot of burden on their employees. Main motive of private player is making more and more money and stability of employee is their second concern.

So these are some flaws of privatisation.

So, what helps is partial privatisation. In which govt puts a little bit of mandatory rules and regulations on private sector and set a limit on increase in price.

Hello,

According to me complete privatization of banks is not the solution. In our country there is a there is a higher degree of income inequality. The rich is getting rich and the poor is getting poor. Its true that private banks can bring economic growth in the banking sector at a faster pace. But we cannot ignore the fact that these private banks operate with the sole motive of profit maximization. Its unlikely that they will cater to the needs of the poor.

Secondly, the private banks are hesitant to invest in infrastructure of the country. This role has been played by the PSU's since its inception. And most of the loans advanced for this purpose turn into NPA's too.

We should obtain a balance. There should not be complete privatization but at the same time the banks should be given sufficient autonomy to operate without much gov interference.

Thank you.