The Economic Times
English EditionEnglish Editionहिंदी संस्करण
| 05 April, 2021, 02:44 AM IST | E-Paper
Search
+

    Get India to be worldly wise: Why privatisation is just not aatmanirbhar enough

    Synopsis

    Every government’s best answer to a debt trap has been privatisation. The private sector is hailed as a panacea for India’s cash problems. But the immediate monetisation of assets only momentarily satiates India’s welfare aspirations.

    In his last visit to India, Jeff Bezos famously announced that the 21st century belonged to India. While it could have been pure PR, there is much merit to Bezos’ claim. India’s bullish spree has inspired a positive business sentiment across the world. Despite Covid-19, Moody’s projected that India’s GDP will grow at 12% in 2021. According to the latest United Nations Conference on Trade and Development (Unctad) report on global FDI inflows,
    Share This Article
    • GIFT ARTICLE
    • FONT SIZE
    • SAVE
    • COMMENT

    Sign in to read the full article

    You’ve got this Prime Story as a Free Gift

    Special Offer on ET Prime

    Subscribe to ET Prime - Get Flat 20% Off

    View Plans

    Special Offer on ET Prime

    Subscribe & get 30% off on 2-Year Plan

    View Plans

    Special Offer on ET Prime

    Subscribe & get 30% off on 2-Year Plan

    View Plans

    Why ?

    • Sharp Insight-rich, Indepth stories across 20+ sectors

    • Access the exclusive Economic Times stories, Editorial and Expert opinion

    • Clean experience with
      Minimal Ads
    • Comment & Engage with ET Prime community
    • Exclusive invites to Virtual Events with Industry Leaders
    • A trusted team of Journalists & Analysts who can best filter signal from noise
    The Economic Times