When did privatization actually started in India?
1991 is the year when indian goverment actually thought for privatization through its liberalization policy.
Privatization means shifting of public ownership to private or personal. Before privatization came into being in India...Everything was under government control. Every sector, every field was under public ownership. As time passed by the country started to grow..started to develop even more...and that was a load that was sort of getting heavier on the shoulders of our the then government. It was getting difficult for the Indian Government to handle and maintain the smooth functioning…
People get privatization confused with private company owned. Privatization is actually capitalism taking it from the government, which is "so called public owned by the people", to private owned by an individual entity! Literally it sounds the opposite but in reality capitalism and privatization is free market and better for the economy, which in essence benefits the people.
Hitler's economic policy was corporatist, so it is neither true nationalization or true privatization. While the companies would all be functionally independent of the government (which would normally be considered privatization), the leaders of those companies would receive directions from the government (which would normally be considered nationalization if the government actually owned stake in the company).
Privatization can be good if it eliminates the need for government monetary contributions to a governmental entity. An example would be the privatization of the United States Postal Service in the 1970's. Privatization can be bad if it raises the cost of goods or services to a rate which the consumer cannot possibly afford. An example of this would be the privatization of Bolivian water treatment plants in this decade.
India started in da late 200 long after the birth of christ. India started in da late 200 long after the birth of christ. India started in da late 200 long after the birth of christ. India started in da late 200 long after the birth of christ. India started in da late 200 long after the birth of christ.