Why privatization in India specially by BJP?

The first question to ask yourself is whether or not privatization by India's government is a smart idea. What role does privatization play? Or India is on sale?       

As a reminder, privatization doesn't always imply the government is selling all of its shares in each sector. The government is just transferring a small portion of its shares to a private company. The fact that the government will retain control of the employment market is interesting. In 1991,  Prime Minister Shree P. V. Narasimha Rao and Finance Minister Dr. Manohan Singh were behind the notion of privatization. It was expected that this concept would emerge from the depths of the economic crisis at the time. There was no private corporation powerful enough to manage the situation at that time, but now we can see that there are many private companies that are capable of dealing with the situations.                                                  

By improving the government sector and allowing the private sector equal opportunity, the government may accomplish both goals simultaneously. One example will help you grasp this. The government observed that the number of female students at IITs was much lower than the number of male students in 2016 and 2017. As a result, the government did not deduct the seats of the boys but the boy seats remained the same and they increased the number of seats in IIT. These additional seats were earmarked for female students entirely. Some boys' futures were unaffected by this. In a nutshell, the Indian government is responsible for ensuring that young people have access to employment. Ok.

Let us look at India's GDP (Gross Domestic Product ): GDP(2014) 1708 billion U.S. dollars, GDP(2014) 2039 billion U.S. dollars, GDP(2022) 3250 billion U.S. dollars, and expected GDP(2026) 4393 billion U.S. dollar which is good for the country (Reference). See

•  GDP (2014) - GDP(2010)=  approximate 331 billion U.S. dollars (increased)
• GDP (2022) - GDP(2014) =  approximate 1211 billion U.S. dollars (increased, here it is an eight-year difference but increased four times) 
• GDP (2026) - GDP(2022) =  approximate 1143 billion U.S. dollars (will increase)

You know GDP is used to measure a country’s economic health. Do you understand what actually the government is doing? One thing is clear in my mind the government is thinking about our country's growth. But is this way a unique way?

 India is a country where the government job matters a lot because the dialogue is like that, if you have a government job, you will get married to a beautiful girl otherwise "Rho single". 

Dada Kheda Library, Belarkha 

Only a few youngsters in my village, Belarkha (Jind, Haryana), were interested in education before 2014. They thought that studying was of little importance. Many youngsters in my area turned to study again after 2014 when they found study matters a lot. This year a library, seen in the right picture, opened in my village. A large number of students come to read now that they are aware of the importance of education, but the government does not provide employment for the unemployed. Small changes have been made in my town. I'm overjoyed with the pupils I have here in the hamlet. Nothing like this was expected in my hometown. Based on this perspective, I believe the government should rethink its role in the public sector. 

Before continuing, let's take a look at the proportion of Indians who have worked in the public and private sectors during the previous decade. Those who were jobless are not considered here. Below the following is a list of the eight most important industries in India in 2015, as reported by The Economic Times. There were around 131.02 million people in India during the time.

(1) Indian Railways:14 lakh employees and the eighth biggest employer in the world.

(2) Indian Armed Forces: 13 lakh people in its active forces, is at ninth place in the world ranking. Also, ARMY's full form is Alert Regular Mobility Young.

(3) India Post: 4.66 lakh employees 

(4) Tata Consultancy Services (TCS):3 lakh employees which is the third largest employer in the technology sector.

(5) State Bank of India: 2.22 lakh employees      (6) Infosys: 1.6 lakh people

(7) IBM India Private Limited: 1.5 lakh people (8) Wipro:1.34 lakh employees.

In India, the agriculture sector is responsible for the majority of pollution. Just how many individuals were employed at this time? There were just 41.32 of them in these sectors by the end of 2015. It is easy to observe how many people in India had employment. It's a pittance. Four of these companies are owned by the government, while the other four are privately owned. As you may be aware, the private sector is more productive than the public sector. Let's take a look at the number of people employed by TCS in 2021 and it rises to 5.2 million. SBI has 2.4 million workers (2021).  When there were 139 million people in India. The private sector provides more employment than the public sector after a five-year span. What exactly is going on here? The solution lies in the reduction of government in the public sector. For some reason, we constantly see a guy who works for the government earning a higher pay but accomplishing a lot less than he should. A guy who works in the private sector, on the other hand, receives a lower income, but he does more work there.

There would be 12.54 lakh workers in the Indian Railways by 2020, which plainly proves that the government has no interest in employing individuals in this industry after five years. This seems to be the case for 2020 when there will be a total of 14 lakhs of personnel in the armed forces.

The primary driver for government-sector privatization was the government's inability to cover its costs, despite the fact that it was subsidizing employee salaries by a significant margin. Because of this, why didn't the government devote all of its effort to strengthening the system?

Wikipedia

According to a recent poll, young Indians aren't paying attention to their jobs. So, what are they going to do now? God knows each and every one of us. On the right side of the picture, you can see how high unemployment is in India. What are the best ways for low-income individual to establish their own business? People can be poorer as a result of privatization. I think the Indian government should have to pay attention to the unemployment of the youth.

Here are two instances that illustrate what I mean. Indian Railways and the Jio internet service provider are the two other examples. In India, the cost of mobile data is the lowest in the world, and worldwide it is the first place. The cost of 1 gigabyte of data is shown in the right image. The lowest rate in the world is 0.09 dollars which are in India. I know you are in a little surprised now. To help you view this image better, you may click here. The country's data is the cheapest. People in India should be pleased with this development. For the lowest price, why isn't this info offered by the government? Is it possible that privatization might help India's economy grow?  We can see the solution in another example.  If we look at another example of Indian Railways.  Indian railways privatization followed by Japanese railways. Since the Japanese railway industry was privatized a long time ago, you are already familiar with the bullet trains and services they provide.

Every year, Japan's railways profit from and draw the attention of the rest of the globe. assisting Japan's economy is an added benefit. Several other nations, like the United Kingdom, Canada, Sweden, Austria, and so on, have also taken part in this effort of privatization. Some of them, but not all, are in a better position. We'll have to wait and watch what happens to our Indian railways in the future.

My opinion is that it can be helpful. The unemployment rate in India is now at its peak, and it's only going to get worse. In order to help the youth, the first step is to provide employment in both areas. Additionally, the regulations for working in government should be more stringent than they were in the past, or even in the case of private employment. Corruption should be a greater priority for the government. What is the significance of the term "Privatization"? Why aren't they referring to it as "semi-government" instead? Has India's economy been helped in this unique way?

If you've made it this far, thank you for taking the time to read. Jai Hind.