Past experiences
Privatisation is the great economic success story of the past 20 years, over which thousands of crores in government assets have been transferred to the private sector in more than 150 countries around the world. Experts, from every continent, credit privatization with reducing government debt and rebuilding both large and small industries, turning them from loss-makers into profitable, tax-paying enterprises.
Sometimes experts argue over the best way to privatize, but virtually all of them agree that privatization works, and is an economic necessity for most countries.