Reform and Privatization of State-Owned Enterprises in India

Kunmin Kim () and N. Panchanatham ()
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Kunmin Kim: Ministry of Strategy and Finance
N. Panchanatham: Annamalai University

Chapter Chapter 8 in Reforming State-Owned Enterprises in Asia, 2021, pp 157-168 from Springer

Abstract: Abstract Privatization is a broad concept in economics. It comprises various operations, such as the introduction of private capital, the selling of government-owned assets, and transition to a private economy. Consequently, three major attributes of privatization are as follows: (1) ownership measures, (2) organizational measures, and (3) operational measures. Ownership measures refer to the transformation of the ownership of public enterprises to private owners. Organizational measures relate to the limitation of the state control in public companies. These involve the employment of methods for the leasing and restructuring of the enterprises. Operational measures concern the way to improve the profitability and efficiency of public enterprises.

Date: 2021
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DOI: 10.1007/978-981-15-8574-6_8

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