Role of Privatization in Industrial Development: A Case Study of India

Authors: Saransh Rajoriya

Country: India

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Abstract: Privatization has played a pivotal role in India's economic reforms for over three decades, starting in the 1990s. The primary objective of privatization in India has been to foster efficiency, enhance competitiveness, and attract investments in crucial sectors. This comprehensive research delves into the significance of privatization in the country's industrial development, specifically examining the outcomes and obstacles encountered in diverse industries. Employing a combination of qualitative and quantitative methods, this study meticulously investigates the influence of privatization on industrial expansion, technological progress, and job creation. Furthermore, it sheds light on noteworthy instances of success and imparts valuable insights gained from the process.

Keywords: Privatization, Productivity, Indian Economy, Telecommunications, Banking, Infrastructure, Manufacturing, Service Sector, Competition, Innovation, Regulatory Framework, Economic Growth

Paper Id: 1711

Published On: 2016-01-27

Published In: Volume 4, Issue 1, January-February 2016

Cite This: Role of Privatization in Industrial Development: A Case Study of India - Saransh Rajoriya - IJIRMPS Volume 4, Issue 1, January-February 2016.

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