Privatisation and Public Sector Enterprises in India-Analysis of Impact of a Non-Policy

The lack of a comprehensive policy on privatisation stands out in contrast to other aspects of the New Economic Policy. Perhaps this is politically expedient, but in terms of economic management and more so public sector management, the lack of a policy can result in unexpected outcomes which may not be all that expedient This paper attempts to provide glimpses of the possible outcomes of the non-policy on privatisation, focusing on the fiscal, efficiency and intersectoral dimensions.