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Q.

Should the private sector be relied upon for efficient delivery of services in water, power and roads, even education and health, where the private sector giants are busy minting money ?

Tags: health, education, private sector
Asked by prabhat kumar kumar, 13 May '08 12:22 pm
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Answers (72)

 
1.

YES.

Government has a key role in the creation and maintenance of a strong enabling economic environment. It is inefficient for government to manage assets that could be more productive in the private sector.

The key arguments for private sector participation are improved efficiency and better allocation of scarce resources. The main results are unblocked supply chains and reduced unemployment in companies. Creating active markets and reducing transaction costs drives increases in incomes and buying power.

Most studies show a negative correlation between economic development and government ownership and management of productive assets in the industrial and financial sectors.

Private Sector Participation (PSP) Strategies include both economy-wide strategies and single-industry strategies. They work with governments to identify key industries that would benefit from PSP, to establish how the industries should be organised, and to determine what the impact on the population w ...more
Answered by Krishnakumar G. Nair, 13 May '08 07:51 pm

 
  
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2.

i feel it is better to let both pvt and public sectors co-exist... competition is increases efficiency and consumer benefits ultimately
Answered by edel weiss, 13 May '08 03:24 pm

 
  
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3.

for SURVIVAL OF PRIVATE SECTOR it is must to PERFORM or PERISHED........ AND GOVT. DUTY IS TO SUPERVISE HONESTLY what PVT. SECTOR IS DOING..............
Answered by Sandip, 13 May '08 02:36 pm

 
  
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4.

in that case we will get better service but at a much higher cost...
Answered by Mrinalendra Banerjee, 13 May '08 12:36 pm

 
  
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5.

Yes but there should be some governing authorities because private sector is based on profit motive sometimes it may interefore with the objective of social welfare
Answered by Satya Pandey, 13 May '08 02:51 pm

 
  
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6.

TO SOME EXTENT YES
Answered by jinal, 13 May '08 01:00 pm

 
  
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7.

Offcourse.. For sure
Answered by Francis Gabrial, 13 May '08 12:22 pm

 
  
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8.

definitely worth trying out
Answered by Mrinalini, 13 May '08 03:42 pm

 
  
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9.

they may mint money but they deliver what they promise. unlike government sectors who only sit and eat money and do nothing.
Answered by Lakshmi Rajesh, 13 May '08 02:39 pm

 
  
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10.

there are already been anil abani puting all best in this NIS sparta, Reliaince power, relaince intra.. all thse companies are onto
Answered by guddu, 13 May '08 12:37 pm

 
  
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