A 25-year veteran of the World Bank, calls for more public sector privatization in India

Ajay Chhibber, the former head of the Independent Evaluation Office (a brainchild of the IMF) and a 25-year veteran of the World Bank, calls for more public sector privatization in India, Chibber says the “Modi government focused on better functioning of state-owned companies and banks—not privatization. India has not had much experience with privatization except for brief episode of previous NDA government which privatized several companies but with good outcomes. So India should privatize two thirds of these companies and convert those funds into public infrastructure to crowd-in more private investment. Then only will the government's slogan ‘maximum governance - minimum government’ come true.”