IMF-印度国有企业（英）-2022.8.pdf

India’s State-Owned Enterprises Ruchir Agarwal, Elif Arbatli-Saxegaard, Lesley Fisher and Xuehui Han WP/22/165 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 I MF management. 2022 AUG © 2021 International Monetary Fund WP/22/165 IMF Working Paper Asia and Pacific Department India’s State-Owned Enterprises Prepared by Ruchir Agarwal, Elif Arbatli-Saxegaard, Lesley Fisher, Xuehui Han* Authorized for distribution by Nada Choueiri, Manal Fouad and Paulo A. Medas August 2022 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. ABSTRACT: 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 governme nt, 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