IMF Working Papers

India’s State-Owned Enterprises

By Ruchir Agarwal, Elif C Arbatli Saxegaard, Lesley Fisher, Xuehui Han

August 26, 2022

Download PDF

Preview Citation

Format: Chicago

Ruchir Agarwal, Elif C Arbatli Saxegaard, Lesley Fisher, and Xuehui Han. India’s State-Owned Enterprises, (USA: International Monetary Fund, 2022) accessed November 26, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

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.

Subject: Economic sectors, Financial statements, Fiscal risks, Privatization, Public enterprises, Public financial management (PFM), Public sector

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

Publication Details

  • Pages:

    36

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2022/165

  • Stock No:

    WPIEA2022165

  • ISBN:

    9798400219573

  • ISSN:

    1018-5941

You May Also Be Interested In...

2024 Review Of The Fund’s Transparency Policy And Open Archives Policy—Background Paper 3 On Key Concepts And Supportive Analysis

November 25, 2024

2024 Review Of The Fund’s Transparency Policy And Open Archives Policy—Background Paper 2 On Consultations With Executive Directors, Country Authorities, Mission Chiefs, And Civil Society Organizations

November 25, 2024

The Role of Corporate Cash Holdings in the Transmission of Monetary Policy Tightening

November 22, 2024

Sierra Leone: Poverty Reduction and Growth Strategy

November 22, 2024