Privatisation and the Public Sector-Relevance and Limits

Relevance and Limits Samuel Paul The need for an increased rote for the private or nongovernmental sector in the economy has figured prominently in recent debates in economic and political circles in India. The issues involved, according to the author, are such that an ideological or emotional rather than an analytical approach tends to dominate the arguments. Given this background and the growing interest in privatisation, this paper seeks to examine the subject in a global perspective with a view to understanding its relevance, instruments and limits.