why india adopted the policy of privatisation?

Question

why did india adopted the policy of privatisation?
what are the advantages and disadvantages of privatisation?

Answer 1

well, as privatisation can improve the living of the people

the advantages are
1. it lessens the government burden, private company such as water supply, electricity, airport.etc..the money can be spent on development such as public facilities..
2. much efficient and better, private companies tends to collect revenue higher than the government..that is why the provide the best services.. you will have cleaner water, better telephone lines and reception..etc
3. privatisation provides job opportunity to many people..private companies have better pays than government servant, they get better salary and reduces the country jobless rate.
4. increase revenue of the country, as private company pay taxes to the central government, it helps the government to have more funs for development..such as foreign invest and etc..

the disadvantages are
1.citizens have to pay more as it is significantly much more expensive
2. government loses control of the country's asset( for momentary only..as it is under contract)

that's all i have to provide for now..sorry i am a little busy..hope it helps

Answer 2

She was tired of being third world. She wanted to join the rest of the modern world and improve the standard of living of her people.
There are no disadvantages.
.