Business Environment, 1st Edition by Pearson

In this chapter, we study in depth the concept of privatization, the

rationale, primary objectives of privatization, expected bene ts of

privatization, methods of privatization in India, the Rangarajan com-

mittee and its recommendations, and  nally, the disinvestment in the

public sector. The study of these will give you a fairly clear idea of the

need for and the manner of privatization that is taking place in India.

Several countries in the world—both the industrial and market-

driven economies of the West and the developing countries of Asia,

Africa and Latin America, along with the former socialist econo-

mies—have launched massive privatization ...