Chapter 34: The Private Sector | 439 |
several groups of export and technology-based industries including
electronic hardware and software, BPO, and other ITES, drugs and
pharmaceutical industries established themselves as Indian MNCs
through the efforts of a new wave of entrepreneurs.
PROBLEMS FACED BY THE PRIVATE SECTOR
The private sector has been facing innumerable problems over the
years not only because of demand-supply mismatches, but also due
to the policy changes initiated by successive governments. Due
credit should be given to the private sector for not only overcoming
these constraints, but also growing phenomenally. The problems
faced by the private sector are enumerated below:
(i) Complementary role in economic development ...