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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.

Hence inorder to curb that the government allowed privatization to be started in India

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