Union Budget’s good ideas dogged by bad timing: Sen

Union Budget’s good ideas dogged by bad timing: Sen

The Hindu

The privatisation of public sector enterprises (PSEs) announced in the Union Budget for 2021-22 is a good idea coming at the wrong time, noted economist and former Chief Statistician of India Pronab Sen said on Wednesday, arguing that it may end up dampening growth prospects by crowding out fresh investments. “For the first time, the word privatisation has been actively used in the Budget,” Mr. Sen said. “I have absolutely no problems with privatisation but I do have a problem with the timing of privatisation,” he added.
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