Hindustan Times-Feb 25

Indian governments, irrespective of their hue, have had a troubled relationship with privatization. Much of this, on the basis of the history of privatization, appeared to stem from a lack of belief in it. Sure, governments divested some of their stake in State-owned companies, but these were rarely controlling (or even significant) ones; worse, a combination of market factors, timing, and the nature of companies in which these stakes were being sold often meant that another healthy State-owned company was usually the last-resort buyer.

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