Summary
Contents
Subject index
Public Sector Enterprises in India is a comprehensive and authoritative work covering the entire public sector in India, including the financial sector public enterprises such as banks and insurance companies. The book begins with the philosophy behind the public sector and traces its evolution in India and its subsequent privatisation and disinvestment after the economic liberalisation of 1991. Based on the most up-to-date data and the latest developments, it examines the plight and options of a public sector paralysed by excessive government interference and now trapped hopelessly between the State and the market. Drawing widely upon global experiences, the book argues that disinvestment and privatisation need not be the only answer to reform the public sector companies. They can be rejuvenated and transformed into global champions if freed from the stifling controls by an unimaginative government machinery, by depoliticisation and separation of the government’s roles as a majority stakeholder, policy-maker and regulator—and by changing their holding structure.
Performance of the Central Public Sector Enterprises
Performance of the Central Public Sector Enterprises
India's first Prime Minister, Jawaharlal Nehru, was the architect behind the creation of PSEs in India, giving them an imperious position in driving the economy after independence; he hailed them as temples of modern India. Nehru was deeply influenced by the centrally planned economic model of the Soviets based on ownership of the means of production and distribution by the state, which he introduced in India. With his deep knowledge of history, Nehru must not have been oblivious to the experiment of another Asian nation Japan at rapid industrialisation during the Meiji era of 1868–1912, which completely transformed the Japanese state and society through modernising and Westernising its traditional education system, ...
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