A step away from privatization in India?
The new Indian Economy blog complains that the government is stepping away from much-needed privatization of public-sector undertakings:
A lot of us had immense hope that Manmohan Singh and Chidambaram, the architects of India’s reforms in 1991, limited as they were, would accelerate the pace of liberalisation. Instead, as our ‘reformers’ tango apathetically with the Left, the pace has actually slowed. What a pity.
Hat-tip to EconLog; we'll keep an eye on the blog.
Comments (2)
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We have to study the behaviour of Indian Politicians for their immense love for Public sector. Indian politicians, beaurocrats, media, intellectuals and judiciary, all have one thing in common, "Loot the nation". All these people are united in constitutionally looting the nation. They are constitutional robbers and Public sector provide them an easy platform for looting nation. That is why, the privatisation has been consigned to dust bin.
The basic problem with Indian politician is that they consider public money as their ancestoral property. They are absolute owner of public money. There is no one to remind them about their capacity as a Trustee of Public Money.
Posted by: Subhash Parakh | Aug 20, 2005 2:12:44 AM
Maybe mr. manmohan singh and mr. chidambaram were the architect of 1991 reforms but presently they are just culprit in the hand of congress and allied political parties, maybe they want to initiate some reforms or some good decision regarding privatization and other matter as per present crisis but every time they have to discuss and have to give clarification to all the allied parties of UPA before materializing every recommendation
In such a condition we cannot expect any special decison from this government also, they are just passing their time till next elction
Posted by: sonam | Oct 31, 2008 8:01:34 AM