PRIVATISATION

   Privatisation in India

Privatisation is refers to a process in which the market is going to be privatize. All resources, industries, agriculture, banking sector , fisheries , forestry considered to private companies or firms.

 India is adopted the principle of privatisation in 1990. 

Causes of Privatisation

1. Liberal form of state which means state perform minimum role like making of the laws.

2. People have invested in companies

3. Low tax over companies

4. High consuming market

5. Scope of responsible government

6. Higher growth of the state

7. Low economic offences

Effects of Privatisation

A) Positive effects

1. Employment opportunities

2. Start up ideas and growth of business

3. High standard of living

4. Low crime rate

5. Democratic Nature of Society

6. Feminisation of work culture

7. Corporate social responsibility for the nation and national security

8. Gender equality

9. Effective education and health care system

10 . Humans have skills for their duties

B) Negative effects

1. Exploitation of man

2. Isolation, Alienation from the society

3. Depression anxiety and suicide

4. Breakdown of relations

5. Divorce rate is high like Britain

6. Black marketing

7. Weak laws of state

8. High corruption

Privatisation is better management for the state in terms of effective work culture but it is worst due to money power. So privatisation is exist in coherent, balanced and comprehensive way in the state.