Privatization is the process of transferring ownership of public sector services and assets to private entities. It aims to reduce government involvement in commercial activities and increase efficiency through competition. Privatizing industries in India frees up resources, reduces the government's financial burden, and allows the private sector to contribute to economic development. However, some industries like atomic energy and railways remain under public sector control.

1. PRIVATIZATION

2. Meaning
 Privatization is the process of
transferring ownership of a business,
enterprise, agency, public service or
public property from the public sector
to the private sector.
 When the Ownership Management
and Control of Business and Industrial
in the hand of Private enterprises it is
called Privatization

3. WHY PRIVATIZATION?
 To reduce government involvement in
commercially viable activities.
 Increase efficiency in the delivery of
programs and services.
 Provides competition in market place
which transfers the lower price and
greater choice for the consumers.

4. Impact Of Privatization On
Indian Economy
 It frees the resources for a more
productive utilization.
 Reduce the government's financial and
administrative burden.
 Permit the private sector to contribute
to economic development
 Effectively minimizes corruption and
optimizes output and functions

5. Industries which are not
reserved for private
 Indian Atomic
 Indian railways
 Chemical Arms
 fertilizers
 Hazardous ammunition chemicals
 Cigarette

6. Objective
 The emergence of multinational
entities
 Technological changes
 Emergence of local capital market and
entrepreneurship
 Dissatisfaction with performance of
public sector

7. Merits of privatization
 Minimum Cost Of Production-As a
Private Sector Encouages maximum
and most efficient utilisation of
resources
 Higher Capital formation-try to save
major part of Income so that may
invest in there business.
 Improve service quality
 Lower prices
 Employment Increase
 efficiency and innovation
 Use of updated technology which helps
to reduce wastage

8. DEMERITS OF PRIVATISATION
 Social Welfare is Ignored
 Wastage due to Competition
 Class Struggle(rich and poor)
 Decline of Competition

9. Thank you