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By T.T. Ram Mohan

During the last decade India has been venture a programme of financial reform, and while the financial system has been starting to be at a excessive fee. As a part of the reform programme, and in response to winning fiscal pondering, India has been privatising its huge, ungainly public zone. One assumption underlying this programme is the dogma that public quarter corporations are doomed to inefficiency, and that aggressive industry forces may be trusted to make organisations extra effective after they are privatised. yet is that this particularly real?
Combining rigorous info research with case reports to supply a balanced evaluate of the method of deregulation and privatisation in the total context of financial reforms, the writer demonstrates, remarkably, that, opposite to the existing view, inner most quarter enterprises don't outperform public area businesses throughout all sectors. He additionally indicates that revenue-raising concerns have weighed extra seriously with the govt than potency targets. total, this examine of the reform method in India, with its certain longstanding mixture of inner most and public sectors, can be of serious curiosity to all these learning reform and transition world wide.

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