インドにおける2004-05年度発足の国民会議派主導第1次UPA連合政権および2009-10年度発足の同第2次連合政権下における公企業の株式売却・民営化政策とその実態

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タイトル別名
  • インド ニ オケル 2004 05ネンド ホッソク ノ コクミン カイギハ シュドウ ダイ1ジ UPA レンゴウ セイケン オヨビ 2009 10ネンド ホッソク ノ ドウ ダイ2ジ レンゴウ セイケン カ ニ オケル コウキギョウ ノ カブシキ バイキャク ミンエイカ セイサク ト ソノ ジッタイ
  • Disinvestment and privatisation in public enterprises under the 1st congress-led united progressive alliance (UPA) government inaugurating in May 2004 and the 2nd congress-led government inaugurating in May 2009 in India

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抄録

The wide-ranging economic liberalisation in India made progress in order to meet conditionality imposed by the IMF that was requireded for the loan to overcome the unprecedented foreign debt crisis since January 1991．Since the Industrial Policy Statement of July 1991，the public sector enterprises has been reformed in many ways. Disinvestment and privatisation in public enterprises that I study in this article is taken as a part of it. The Congress government inaugurating in June 1991 adopted the policy of sale of minority shareholding in the Central Public Sector Enterprises（ CPSEs)，and a number of governments since then also continued to take the same policy. After that, the BJP（Bharatiya Janata Party：Hindu nationalist party)-led National Democratic Alliance （NDA）government was formed in March 1998．The situation took on a new aspect. Under that government, the policy of minority shareholding sale in CPSEs changed into one of“strategic sale”without real discussion. The latter means transferring not only of substantial shareholding but also control of management in CPSEs. This represents the privatisation of CPSEs. Such has been discussed in my other articles. After the BJP-led NDA Goverment, the 1st Congress-led UPA government inaugurated in May 2004 with left parties support outside cabinet. This government complicated the policy of disinvestment and privatisation in CPSEs. Receipts through sale of shareholding in CPSEs was also poor. Meanwhile, the revival and breakdown of the“strategic sale”drama seemed to be played. And then the left parties withdrew support outside cabinet over the atomic power agreement between India and the USA. Congress changed the administrative framework, and kept the allied government. In the following year, Congress won the general election with the new alliance. The 2nd Congress-led UPA government inaugurated with left parties disappearing. Therefore, the 2nd Congress-led UPA government got the expanded degree of freedom in selecting policies. In two years 2009-10/2010-11，the policy of disinvestment and privatisation in CPSEs changed radically. Receipts through sale of shareholding in CPSEs increased drastically. The government proposed to encourage“People's Ownership of PSUs（Public Sector Undertakings)” based on the programme to broadbase the ownership of CPSUs. The Minister of Finance advertised to attract around 5 million retail investors in the year 2010-11． This article inquire into above matters. I raise many questions. What is the actual situation of“5 million retail investers”? What will be the future policy of disinvstment and privatisation by the 2nd Congress-led UPA government that got the expanded degree of freedom in selecting policies ? ……

田口信夫、高倉泰夫、森永春乃先生 定年退職記念号

經營と經濟, 91(1-2), pp.261-303; 2011

収録刊行物

  • 経営と経済

    経営と経済 91 (1-2), 261-303, 2011-09-26

    長崎大学経済学会

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