Public Sector Enterprises in India is the first comprehensive and authoritative work covering the entire public sector in India, including public sector enterprises such as banks, insurance companies, railways and so on. 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, depoliticisation—separating the government’s roles as a stakeholder, policy-maker and regulator—and by changing their holding structure.
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