why is privatization important in india?

Question

public sector plays a significant role in the development of economy of india but wat does privatization do with indian economy....

Answer 1

1/ Competition can improve the quality of goods/services available and help level prices out.

2/ Also, gives variety to the customers in terms of options for products/service providers.

3/ Creates employment..esp. with the current brain drain in India, more private companies in a sector can attract talent working abroad back to the home country...