Those public sector undertaking which are making profits should be privatised. Do you agree with this view? Why?
New Industrial policy has a new approach to public enterprises. Under this policy, only a few core industry groups are reserved for public sector.
During the initial stage of planning, public sector was justifiable because huge amount of investment was required in heavy and basic industries. The private enterprises did not possess that kind of resources. Those who argue for privatisation say that most of Public Sector Enterprises are incurring losses, they suffer from inefficiency and lack of accountability and are sick. These enterprises have not solved the problems which they were expected to solve. They have become problems themselves, so they should be privatized. Profit-making enterprises should not be privatized.