Essay on Private Sector vs. Public Sector
The old debate on the public versus the private sector— which one of the two is better for the growth of Indian economy—has been long alive.It has assumed increased importance with India’s recent impressive performance in all fields—from IT to computer software, from telecommunications to health, from generation of energy to manufacturing of industrial goods.While the popular belief is that most of the public sector undertakings are white elephants—a drain on the Indian economy, the fact remains that many public sector undertakings, mainly in the field of telecommunications and petroleum and gas explorations such as the Bharat Sanchar Nigam and the National Thermal Power Corporation, have outperformed most of the private sector undertakings in the same fields and registered more profits than them. Image Source: aei.org ADVERTISEMENTS: In telecommunications, the…