Privatization drive in India.
from Vakil Talks Hosted by Quod Legalis
Post-independence India has mainly remained a conservative economy that allowed only restricted and conditional entry of the outside world. But now the Indian economists have understood the importance of coming together with the global economy for growth and efficiency. India is a mixed economy where Private and Public Sectors co-exist in leading sectors like Banking, Telecom, Road Transport, Education, Healthcare and Manufacturing, etc. In recent years India has witnessed major economic reforms as there is momentum towards privatization. We had an opportunity of having Adv. Parvathi Bakshi with us on our podcast show, for an insightful conversation on Privatization is a burning topic at present, all the more because it is like two sides of a coin. India is reforming slowly towards privatization but the previous unfulfillment of expectations from the reforms has reinforced the critics claim. She weighed the pro and cons of the mixed economy on the pedestal of welfare and wholistic development of the nation and helped us understand the way ahead.
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