I feel really surprised at politicians saying privatisation will spoil the growth. LIC is the big example to prove privatisation will help in growth. LIC has grown against all odds of the politicians. In todays world we must understand it is fittest who survives. Oil sector is facing lots of problem since it is controlled by the Government. The Politicians are more interested in cornoring votes rather than to the benefit the Nation.
ONGC if privatised I feel will have greater freedom in working. The work culture will change. The complacency will go. People will start working as it is the fittest who will survive in todays world .
I feel apart from Medical and Education nothing should be in the hands of the Government. But we see the reverse of this. Medical and Education is allowed to be taken over by Private people and the affordablity has gone sky rocketing in these areas. Politicians keep quite on this. Why do they jump sky high for privatising Public sector like ONGC. The answer they give is not acceptable as LIC has proved its success once it is allowed to fight with other players and made as an individual body.
Ethics has gone to a very low ebb. Privatisation will definitely help in improving the work culture and business ethics. It will lead healthy competition and better growth of this powerful organisation.