ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

NEW DELHI-Is Private Enterprise More Efficient-Case of Fertiliser Industry

NEW DELHI Is Private Enterprise More Efficient? Case of Fertiliser Industry BM AN Indian economist on the staff of the World Bank office in India pontificated the other day with great vehemence that, in the face of scarcity of resources, the government would be well advised to allow private enterprise to undertake the expansion of the fertiliser industry in the country. The fertiliser industry is, after all, very important for the growth of agriculture and it should not be allowed to stagnate. This recommendation is further strengthened by the argument that private enterprise is more efficient and profitable in contrast to public enterprises. What the ardent advocates of private enterprise have failed to notice or have chosen deliberately to ignore, however, is that the government has already adopted their prescription in the case, at least, of the fertiliser industry. The expansion of this core industry during the Seventh Plan has been assigned entirely to big private business houses. At the same time, an elaborate scheme has been drawn up for closure in a phased manner of loss-making fertiliser plants in the public sector.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top