What is the conclusion about liberalization?
As a conclusion, we can say only that liberalization is superior and desirable but which does not strengthen the case for privatization. The privatization can’t be supported easily since public sector is not performing well. Within India, a number of public sector activities are undertaken like a development strategy. By applying the profit yardstick to that activities is not desirable. Therefore caution approach is imperative into regard to the wholesale privatization of public sector undertakings.