India's State-Owned Enterprises

36 Pages Posted: 12 Sep 2022

See all articles by Ruchir Agarwal

Ruchir Agarwal

International Monetary Fund (IMF)

Elif C. Arbatli

International Monetary Fund (IMF)

Lesley Fisher

International Monetary Fund (IMF)

Xuehui Han

International Monetary Fund (IMF)

Date Written: August 1, 2022

Abstract

India’s recently announced privatization strategy can facilitate a change in the composition of the public sector balance sheet toward high-return public sector investments in infrastructure and human capital where there is a clear role for government, leaving commercially viable companies for the private sector. Against this background, this paper provides a description of the SOE sector in India, consider different criteria which can inform the scope and rationale for privatization. It also highlights takeaways from international experience with privatization, highlights the importance of improved governance and oversight of SOEs and showcases analytical tools that can help analyze risks from SOEs. While this paper focuses on India, the framework for SOEs developed in this paper can be used to evaluate SOEs policy options in other countries.

Keywords: State-owned enterprises, Privatization, privatization strategy, policy option, privatization policy, privatization plan, privatization rent, Public enterprises, Fiscal risks, Public sector, Financial statements, Global, Central and Eastern Europe, Western Europe, Caribbean

JEL Classification: L32, L33, L30, H83

Suggested Citation

Agarwal, Ruchir and Arbatli, Elif C. and Fisher, Lesley and Han, Xuehui, India's State-Owned Enterprises (August 1, 2022). IMF Working Paper No. 2022/165, Available at SSRN: https://ssrn.com/abstract=4216335

Ruchir Agarwal (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Elif C. Arbatli

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Lesley Fisher

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Xuehui Han

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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