Public Private Partnership in Social Sectors for Harmonized Development in India
9 Pages Posted: 27 Aug 2010
Date Written: August 25, 2010
Public-Private Partnerships which are an integral part of the new paradigm of good governance has its roots in the concept of New Public Management. The advantages of private sector as innovation, access to finance, knowledge of technologies, managerial efficiency and entrepreneurial spirit are combined with the social responsibility, environmental awareness and local knowledge of the public sector in a PPP framework. India in the post-liberalization period has witnessed considerable growth acceleration and the economy has grown at the rate of eight per cent or so in the past few years. India’s vibrant democracy is also a fundamental determinant of rapid growth. The achievements are impressive, but the inter-regional, intra-regional and inter-personal inequalities in wealth and income are clearly evident in India. In India, almost 370 million people are facing some form of deprivation and thus, poverty needs to be addressed through human development, which encompasses education, health, drinking water, housing, infrastructure development etc. The Government of India is putting in a lot of efforts to achieve all-round socio-economic development for its citizens. But the efforts of the government need to be supplemented by the private sector. Public and Private sectors can come together in building up people-oriented movements and through that process, social sector development can be attained. With this background, the paper aims to study the concept of public-private partnership and the status of PPP in India. Further, an analysis of PPPs in social sector is done and the issues and constraints in the implementation of PPP in India are discussed. The paper concludes with a positive note that PPP is a tool for all-round development and the benefits depend on how such tools are utilized by the policy and decision-makers.
Keywords: Public-Private Partnership, Government Policies, Public sector, Built Operate, Transfer
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