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Privatized Pension

In: International Business and Political Economy

Author

Listed:
  • Dipak Basu

    (Nagasaki University)

  • Victoria Miroshnik

    (Tsukuba University)

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.

Suggested Citation

  • Dipak Basu & Victoria Miroshnik, 2015. "Privatized Pension," Palgrave Macmillan Books, in: International Business and Political Economy, chapter 13, pages 141-143, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-47486-5_14
    DOI: 10.1057/9781137474865_14
    as

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