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Disinvestment in India
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Disinvestment in India
Policies, Procedures, Practices

  • Sudhir Naib - Ministry of Defence, Government of India


February 2004 | 346 pages | SAGE Publications Pvt. Ltd
Twelve years after it was started, the liberalization of the Indian economy remains an ideological and operational battleground. There is mainstream national consensus on the need and irreversibility of reforms, but widespread disagreement about its pace and the sharing of its benefits. A basic aspect of the withdrawal of the state from the economic sphere has been the divestment to private parties of the shares (and in some cases control) of public sector enterprises (PSUs) [or state-owned enterprises (SOEs)]. This has affected thousands of Indians, and triggered fierce political debates.

The book gives a comprehensive roundup of the why and how of SOE privatization. It provides a perspective on the past, present and future of PSU divestment from someone who has studied the process up close. Before the commentary on the Indian experience, the book touches on the historical development of the idea of private enterprise in public works, and the major theoretical positions on the state versus private ownership debate.

 
Public Sector in India
 
Role of Ownership and Competition on Efficiency
 
Impact of Ownership and Competition on Efficiency
New Evidence in the Indian Context  
 
Strategy for Privatisation
 
Privatisation Across the World
 
Disinvestment in India
 
Review of the Disinvestment Process
 
Performance of Privatised Companies
The Global Experience  
 
Performance of Disinvested Central Public Enterprises in India
The Empirical Evidence  
 
Corporate Response to Economic Reforms
SAIL  
BHEL  
IOC  
ITI  
BEL  
BEML  
NFL  
 
Privatised Enterprises
Then and Now  
 
Findings, Policy Implications and Recommendations

"Provides a comprehensive review of the disinvestment process followed by India and analyzes the impact of divestiture on the performance of the divested enterprises."

Journal of Economic Literature

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