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

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Incoherent Privatisation, Indian Style

Incoherent Privatisation, Indian Style D N Ghosh Privatisation does not necessarily mean reduction in the role of the state; it requires a more effective state, with the political will to create conditions for industrial efficiency, productivity and technological advance. Any policy thrust that has as its sole objective the reduction of the fiscal deficit will, sooner than we expect, result in serious market failures.

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