Advantage sell-offWhile Indian consumers are yet to benefit from the government's policy on privatisation, examples abound of how the process benefits consumers. A few telling examples are presented in `Privatisation, Competition and Regulation in the United Kingdom', a book by G. Ganesh, member secretary of the Public Sector Divestment Commission. United Kingdom has benefitted immensely from its privatisation programme. The privatised enterprises have proved to be profitable and the annual rate of return has increased in most cases. Ganesh demonstrates how the prices of utility services have come down sharply for the consumers in UK, quoting the examples of British Telecom, British Gas and electricity.
UK had consciously adopted a policy to spread the benefits of privatisation among the public and enforced competition in a pre-determined manner so that benefits were maximised.
Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.