• Dr.Vimlesh

Significant private sector growth, unencumbered by state control, is a hallmark of India's economic reforms. Considering how important it is to national investment and prosperity, the public sector here requires updating. Some economists, politicians, and academics in the 1960s and 1970s advocated for public control of industries over private enterprise. Public policy shifted away from favoring governmental control over the means of production and distribution of goods and services by the late 1980s. State failure, as defined by the World Bank, includes factors such as ineffective provision of public services, loss-making state-owned enterprises (SOEs), excessive public debt, and low economic growth. Accordingly, privatization became popular in many nations as a means to promote efficiency, attract investment, and release public resources for use in infrastructure and social programs that boost economic development and distributional equality. However, privatization has been criticized in recent years. Privatization is widely panned because of concerns that it would inevitably lead to the misuse of market power and a reduction in public good. Most citizens in developing nations believe that the wealthy profit most from privatization, while the poor suffer most. Consequently, the purpose of this research is to objectively investigate the claims and counterclaims about the effect of privatization on economic development and wealth inequality in developing nations. Eighty developing nations with successful privatization programs between 1991 and 2002 make up the sample. The research found that privatization did not significantly affect GDP growth but did affect income distribution in diverse ways.

Burke-Litwin model, organizational development, change management, emerging economies, privatization

"PRIVATIZATION OF PUBLIC ENTERPRISES AND ITS IMPLICATIONS ON ECONOMIC POLICY AND DEVELOPMENT", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.1, Issue 5, page no.912-920, October-2014, Available :http://www.jetir.org/papers/JETIR1701830.pdf

"PRIVATIZATION OF PUBLIC ENTERPRISES AND ITS IMPLICATIONS ON ECONOMIC POLICY AND DEVELOPMENT", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.1, Issue 5, page no. pp912-920, October-2014, Available at : http://www.jetir.org/papers/JETIR1701830.pdf