Abstract
A proposal to privatize the pension scheme was implemented in India in 2013. The plan is to invest a large portion of the pension fund in the stock market to prop up certain favored companies. The fate of the pension will thus depend on stock-market fluctuations. The employees may gain but may also lose heavily as happened in the wake of the crash of Unit Trust in India about ten years ago.
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© 2015 Dipak Basu and Victoria Miroshnik
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Basu, D., Miroshnik, V. (2015). Privatized Pension. In: International Business and Political Economy. Palgrave Macmillan, London. https://doi.org/10.1057/9781137474865_14
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DOI: https://doi.org/10.1057/9781137474865_14
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-50167-0
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