Should the public sector be privatized?

In my opinion private is best because public servants or employees are inefficiency, poor in generate income, unskilled labors are allowed, output level decrease, raw material quality low and etc., so public organisation must be privatized.

And a simple question, if public sector is best why they cannot run the business instead of selling it to private. Answer is because of inefficiency. So always private organisation is best.

How a government which can not run a PSU effectively run a government? If PSUs having problems government should rectify them i.e the duty of government. If profit making is the issue why government selling shares of PSU's that making crores as profit. Trade unions and strikes are there in developed world also.

Monopoly of private sector will create bonded labour, high prices, unsafe working conditions, pure distribution of money etc. What is the gain for general public by sending black money to outside banks?

Hello friend.

If any government company is not functioning well then privatization is not the solution, government need to overhaul the government body. Overhauling include selling half share of the company in private hand, end corruption, choose best talent for the company, tighten guideline for the company, use latest technology, improve service.

I support public private partnership model. It deliver good service to the customer at a reasonable cost. The example of public private partnership model are banking sector, coal mine sector, oil companies etc.

In these companies government have more than a half of a share and rest shares are handle by the private body. These company functioning well as compare to those companies in which government have a 100% share.

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.

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.

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.

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.

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.

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.

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.