Privatisation yielded India revenue totalling $4.395 billion during 1988-94, which, however, was much less than Mexicos $27.164 billion and Argentinas $17.148 billion, the International Finance Corporation (IFC) has said.
The number of cases of privatisation in India during the period was 57, but foreign direct investment (FDI) due to it was nil in case of both India and Bangladesh, IFC said in a paper listing findings from 76 countries.
Among other countries to have earned substantial revenue due to privatisation are Bolivia ($9.007 billion), Malaysia ($6.639 billion), China ($6.348 billion) and Hungary ($4.704 billion).
Bangladesh earned just $55 million due to its privatisation efforts while Pakistan got $1.540 billion and Sri Lanka $223 million, the paper said.
Pakistan earned $29 million in FDI from privatisation and Sri Lanka $58 million.
Fixed private investment in India in 1994 as a share of the gross domestic product (GDP) was 22.5 per cent (private 13.9 per cent, public about 8.7 per cent). The 1995 figures for India were not available when the paper was prepared.
