This book is a comprehensive work which incisively analyses, from a
theoretically informed perspective, crucial aspects of India's journey
from partial divestiture to privatisation, accompanied by case studies
of enterprises being privatised in FY 2022.
Naib begins with the economic role of the state followed by theoretical
and empirical evidence on the state versus private ownership in the
first two chapters. Next, an overview of public sector in India
including the New Public Sector Enterprise Policy for Atmanirbhar
Bharat-2021 is discussed, before a broader examination of the global
experience with privatisation is done. Naib then goes on to explore
India's journey from partial divestiture to privatisation from 1991 to
2021 in four time slots based on the political party in power. The book
also looks at big ticket privatisation and asset monetisation proposed
in FY 2022. Many criticised the design of National Monetisation Plan as
it may lead to concentration of wealth, increasing inequalities, asset
stripping, and consumers paying higher charges. The book closes by
presenting six instances of big-ticket privatisations ranging from
airlines, airports, banks, insurance, as well as industries such as
petroleum and telecoms.
The book's timely data and analysis of key developments will interest
researchers in the fields of divestiture and privatisation in India.
