NTPC, PMI, NOIDA, U.P.
The three major apprehensions of privatization are job insecurity, employee exploitation and negligence of social objectives. All these are the social concerns associated with the process. Therefore, there need to be a social alternative to combat the problem. Reforms in India have focused largely on the problems in the areas of trade, fiscal and industrial. Little attention has been paid to developing institutions such as social welfare, education, health, etc. If the mechanisms for delivering these services are under developed, as is the situation in most states, what are the chances of constructing a minimum social safety? And without such a safety net in place, any large-scale program of economic reforms will be politically unsustainable. In contrast, with a social safety net in place, there is likely to be less resistance to privatization and change in general.
