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.

As per my understanding privatization should be require in all the area of govt sector if we want to grow up our country. Privatization has occurred numerous time around the world especially in former socialist Countries. More relevant in the United Stated would be the period of privatization that occurred in Western Europe and Japan over the thirty year. In India most of the government employees has causual approach towards their job role. They don't paying their efforts like any private organisations employee. However, every month they are getting their salary through public taxes. This is really very unexpected and govt should be screening their employees every quarterly or yearly to evaluate their performance level and redundant non performing role based on their performance level. In order to improve our country's overall prospective, privatization should be mandatory so taht equality would be maintain in the society and everyone would be get benificial.

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.

In my point of view,

Public sector should not be privatized because we all know that a private company first motive is to want more money. They can't do anything for the welfare of the people. I know they do their best services but their cost is too high. So, the poor and middle class can't afford this. But in another hand, the public sector first motive is to getting service for all class people in the same rate. And we know that if you get a job in the public sector. You got security to your job but in private sector yo get a job there was no security. If you didn't do the work in perfectly manner they will restrict you. But in the public sector, you have security. In the private sector no timing fix for the employee but in PSU you get a no. Of working hour. In the private sector, you don't get any allowance but in PSU you get these facilities. In the private sector, you don't get any pension facilities but in PSU you get these facilities.

Yes, you are right, my friends.

The Public sector should not be privatized because private sector main motive is to earn a profit and public sector main aim I to give services. Public sector gives services in the cheap cost this is good for the poor people. And private sector charge high amount as compared to public sector. But the problem is the public sector workers do not work they came late to offices and do not work with great effort. This is the drawback of public sector. For eg if we had gone to any govt hospital we can see that there are too much dirt lying here and there. But if we went to to private sector there hospital are too much clean. Every thing is done in systematic manner. But in public sector places nothing is done in systematic manner. I should suggest that we should not privatized but we can outsourced to the priviate sector and the govt should kept an eye on the private sector. This should be done.

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.

Partial privatization of the public sector is the need of the hour.

With the increasing corruption and vanishing transparency, the private sector needs to be brought back to pious working. The entire focus of the private sectors is concentrated at profit. Because of this orientations, it is known to overlook the needs of its employees thus exploiting them. There is lack of insurance of health and assurity of increment. There is a constant fear of being wiped out during downsizing in this sector. Thus making it unfavorable to completely privatize the public sector.

There is no denial in the presence of flaws in the public sector as well but their idea of caring for those it is comprised of is what makes it the choice of the majority. It only needs to be disciplined which can be done by partial privatization as it is known the private sector is best at monitoring its working efficiently without any compromise.

Yes, according to me, privatization in a better option because the government can focus more on infrastructure development, foreign affairs, budgeting and tax planning to generate more revenue for development, for example, BSNL is a PSU that's going through losses for the past some years, and after few years government bought VPS and scrapped pension schemes joined after 2005 for the sustainability of company same happened with HMT watches also but if you look at their private competitors like airtel, vodaphone or jio they are bringing in new technology every other time with better or good quality services to consumers at reasonable prices to stay relevant in the market so the being private company you stay on the cooperative side offering better quality services not only to customers but thinking from employment opportunities also people get a lot of perks and innovation is given more importance.

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.

No, Definitely not.

Talking about the current scenario this question is arising due to the non-productive nature of these organizations mainly in India. As compared to private sectors they are not making such profits, though they are not so productive as private sectors due to the control of government they are idirectly answerable to us and their service rate is low as compared to private sectors, example of this is medical institution education sector but we have seen that if a private organization comes in the place of public sector they are not answerable to people in service, their service charges are high and money goes to the pocket of owner only where as in public sector this money goes to government which uses it for us. So instead of privatization, we need to improve the condition of public sectors by strict laws and regulation and modern planning techniques.