Privatisation:Need of the Hour

After the reforms of 1991 India started shifting to a more liberal model of development wherein it was ambitious enough to venture into the capitalist territory. Such an attempt was resisted in the past basically due to lack of popluar support and also because there were other critical concerns that needed immediate attention-poverty and self suffieciency being the higlights. Although we were riding on the wave of development after independence, one thing that we couldn’t shake off was the presence of corruption in almost every sphere of operation. Be it the administration, the political class or the education system, no area was spared by the plague of corruption.
According to me privatization is the answer to this menace as it can very well instill accountability and discipline in people who are responsible for the smooth functioning of the system . Major government enterprises like the railways can be privatised as there is a lot of mismanagement and shabby handling of the enormous funds that are allocated to it. There are a lot of new concepts and work ethics that modern corporates practice Eg: kaizen wherein resources are used only when there is demand. All such cost saving measures are possible only when there is proper co-ordination and departmentalisation of work which can be better handled by people from private sector as they are much more competitive. In private culture you work to grow wherreas in public undertakings there is a sense of chalta hain attitude among staffers as they are guranteed growth either by periodic promotions or by seniority.Moreover private firms are like universities wherin they develop new models of growth, new ideas are encouraged.The monster of corruption is there to stay unless government wakes up and takes some measures to tackle it.I feel including private sector representatives in key areas of national interest could be adopted to begin this process.Their opinions and suggestions could prove valuable to check corruption and instill transperancy. Laws pertaining to corruption should be strengthened and the private frims should be given tax exemptions and other monetary benefits so that they voluntarily take up this task.