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Reform and Privatization of State-Owned Enterprises in India

In: Reforming State-Owned Enterprises in Asia

Author

Listed:
  • Kunmin Kim

    (Ministry of Strategy and Finance)

  • N. Panchanatham

    (Annamalai University)

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.

Suggested Citation

  • Kunmin Kim & N. Panchanatham, 2021. "Reform and Privatization of State-Owned Enterprises in India," ADB Institute Series on Development Economics, in: Farhad Taghizadeh-Hesary & Naoyuki Yoshino & Chul Ju Kim & Kunmin Kim (ed.), Reforming State-Owned Enterprises in Asia, chapter 0, pages 157-168, Springer.
  • Handle: RePEc:spr:adbchp:978-981-15-8574-6_8
    DOI: 10.1007/978-981-15-8574-6_8
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    Cited by:

    1. Shahram Ali Kazho & Tarik Atan, 2022. "Public Sector Downsizing and Public Sector Performance: Findings from a Content Analysis," Sustainability, MDPI, vol. 14(5), pages 1-21, March.
    2. Vaidehi Pathak & Sameer Deshkar, 2023. "Transitions towards Sustainable and Resilient Rural Areas in Revitalising India: A Framework for Localising SDGs at Gram Panchayat Level," Sustainability, MDPI, vol. 15(9), pages 1-23, May.

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