Privatisation of the public sector, including banks, has been part of the wish list of economic reformers since 1991. This was at the core of the ‘Washington Consensus’. The private sector is inherently more efficient. The ground realities of democratic politics in India, however, kept coming in the way of actual privatisation, though progressive disinvestment of the shares of public sector undertakings in the market has been taking place over the years. (Read More)
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