Government privatization policies have been a subject of intense debate and scrutiny globally, particularly regarding their implications on Public Sector Undertakings (PSUs). This research delves into the complex relationship between government privatization initiatives and the public perception of PSUs. This research paper investigates the public perception of the government's privatization policy concerning Public Sector Undertakings (PSUs) in Uttar Pradesh, India. Through surveys, interviews, and data analysis, the study delves into the attitudes, beliefs, and sentiments of various stakeholders towards privatization initiatives. Moreover, this research investigates the divergent viewpoints and attitudes of the public towards privatization of PSUs, considering factors such as ideological predispositions, economic beliefs, and socio-cultural contexts. It examines how perceptions are shaped by stakeholders’ interests, media portrayal, and government narratives, influencing the acceptance or resistance towards privatization initiatives. Furthermore, the study assesses the tangible outcomes of privatization on PSUs, including changes in service quality, accessibility, and affordability, as well as implications for employment, income distribution, and social welfare. It analyzes case studies and empirical evidence from various industries and countries to provide insights into the real-world effects of privatization on PSUs and their stakeholders. Additionally, it explores the socio-economic implications of privatization on employees, consumers, and the broader community. By examining public perception, this paper aims to provide insights into the effectiveness and consequences of government privatization policies in Uttar Pradesh.