ThePrint CutTheClutter: Modi govt’s 100-day reform promise & fate of Indian privatisation
Aug 25, 2025
The discussion kicks off with Prime Minister Modi's promises on government reforms and the challenges facing privatization efforts. It delves into the evolving political landscape and public sector support, contrasting past and present attitudes. Historical labor policies and their impact on economic strategies come under scrutiny, highlighting debates among iconic leaders. The narrative covers the inconsistencies in privatization progress, revealing concerns about India's economic future. Lastly, it draws parallels from the steel industry's history to current industrial policies.
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Promise vs. Practice In PSU Policy
- Shekhar Gupta highlights a surprising continuity: Modi promised to get government out of business but the state is investing more in PSUs.
- The 2023-24 budget budgets ₹5 lakh crore for fresh public sector investment, reversing disinvestment momentum.
Political Consensus Keeps State-Owned Firms Intact
- India shows near-unanimous political support for the public sector across parties, limiting reform pressure.
- Gupta argues every ruling party claims it can run PSUs better, perpetuating state ownership.
Clause 4 Roots Of Indian Economic Policy
- Gupta recounts Clause 4 origins and its Fabian roots to trace India's state-heavy economic model.
- He links Nehru-era Fabian socialism to India's licensing and nationalization tendencies.
