IMPACT OF PRIVATIZATION ON THE PERFORMANCE OF ANDHRA PRADESH STATE ROAD TRANSPORT CORPORATION

Movement of human being and material from one place to another is an essential need of mankind. Rapid growth of population an extension of economic activities stimulates the demand for transportation. Therefore, goods transport system is an essential pre requisite for the mobility and for overall development of economy. Transport system in the economy has become as blood circulation system of the human body. In general, we cannot imagine the modern economy without transport service. Transport facility is provided by different modes viz airways, railways, waterways and road ways. Road transport is the best modes of transport among all with various special features like connectivity, convenience, availability, accessibility, affordability, reliability, cost effectiveness and easy adoptability as well as flexibility of operation according to the needs of the individuals. India is the developing economy with vast area in the pre independence scenario it was absolutely Impossible to the private sector to extend the passenger transport busses according to the demand of commuters. Hence, there was a rational demand for the nationalization of passenger transport system and run under the hands of public sector.

KEYWORDSTransport, Development, Facility, Sectors, Service, Demand, Economic Activities.


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