World & BusinessIndia’s state-asset sales and the question of privatisation
Most businesses from India’s former socialist system remain in state hands, The Economist says, despite a brief wave of sales in the late 1990s and early 2000s.
TLDR
The Economist says India is getting serious about selling state assets, but cautions that “proper privatisation is another matter.” Despite a brief flurry of disposals in the late 1990s and early 2000s, most businesses from the country’s former socialist system remain state-owned, the magazine says.
India’s state-asset sales and the question of privatisation
Most businesses from India’s former socialist system remain in state hands, The Economist says, despite a brief wave of sales in the late 1990s and early 2000s.
TLDR
The Economist says India is getting serious about selling state assets, but cautions that “proper privatisation is another matter.” Despite a brief flurry of disposals in the late 1990s and early 2000s, most businesses from the country’s former socialist system remain state-owned, the magazine says.