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Public Sector Enterprises in India
Evolution, Privatisation and Reforms
- Govind Bhattacharjee - Professor, Indian Institute of Public Administration, New Delhi
Other Titles in:
Economics & Development Studies (General)
Economics & Development Studies (General)
July 2020 | 425 pages | SAGE Publications Pvt. Ltd
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.
Preface
Acknowledgements
Concept and Philosophy behind the Public Sector
Nature and Scope of the Public Sector in India and the World
Performance of the Central Public Sector Enterprises
Wasteland of State Public Sector Undertakings
Financial Sector Public Enterprises
Liberalisation and Privatisation: The New Social Contract
Reform and Reform Roadmap of PSEs
References
Index
“What enhances the importance of the book is its comprehensive analysis with cutting-edge arguments. Prof. Bhattacharjee has taken pains to assimilate as many numbers as possible to proffer his point of view.”
“For anyone who desires to examine the future of industrialisation in our country and of the role of the state in that process, this book will be an important resource, especially because of the data it has assembled, and the sources it has consulted.”
