State the obvious gains and im perative losses of privatisation.
(a) Obvious gains of privatisation:
(1) Privatisation promotes consumer's sovereignty.
(2) Privatisation results into high productivity.
(3) It promotes diversification of production.
(4) It leads to upgradation and modernisation of enterprises.
(b) Imperative losses:
(i) Weaker sections of society suffer deprivation in privatisation.
(ii) Social interest in ignored.