Privatization serve the public interest? UPSC ias general studies
Do you think that privatization serve the public interest? Justify your arguments with suitable examples. HINTS You are free to say YES or NO in similar questions. What matters more is the ease of justifying from your knowledge level. Option 1- YES- Privatization serves public interest: Yes, I agree with the view that privatization serves public interest. Privatization refers to inclusion of private sector participation in management and ownership of public sector enterprises. Justification Improved efficiency is ensured with less political interference Eg: British air ways Increased healthy competition for better results. Eg: Telecom services like jio and airtel. Quality of service delivery will be improved. Eg: Door step banking service. Spur innovation without fiscal burden. Eg: SpaceX space missions. Pressure from shareholders forces company to work well than government…
