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- DescriptionOver the past decade India has been undertaking a programme of ecomic reform, and at the same time the ecomy has been growing at a high rate. As part of the reform programme, and in line with prevailing ecomic thinking, India has been privatising its large, ungainly public sector. One assumption underlying this programme is the dogma that public sector enterprises are doomed to inefficiency, and that competitive market forces can be relied on to make firms more efficient once they are privatised. But is this really true? Combining rigorous data analysis with case studies to provide a balanced evaluation of the process of deregulation and privatisation within the overall context of ecomic reforms, the author demonstrates, remarkably, that, contrary to the prevailing view, private sector firms do t outperform public sector firms across all sectors. He also shows that revenue-raising considerations have weighed more heavily with the government than efficiency objectives. Overall, this study of the reform process in India, with its unique longstanding mix of private and public sectors, will be of great interest to all those studying reform and transition worldwide.
- Author BiographyT. T. Ram Mohan is Associate Professor at the Indian Institute of Management, Ahmedabad. Prior to entering academics, Professor Ram Mohan had a varied career in consulting, banking and investment banking. He has also been New York Corrrespondent for The Economic Times, India's leading financial daily, for which he now writes a fortnightly column.
- Author(s)T.T. Ram Mohan
- PublisherTaylor & Francis Ltd
- Date of Publication13/07/2012
- SubjectEconomics: Textbooks & Study Guides
- Series TitleIndia in the Modern World
- Place of PublicationLondon
- Country of PublicationUnited Kingdom
- Content Note1 black & white line drawings
- Weight362 g
- Width156 mm
- Height234 mm
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