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Business Environment by A. C. Fernando

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35

THE PUBLIC SECTOR IN INDIA

In this chapter, we study public sector enterprises in India, starting with the objectives, rationale for their existence, growth, organization, control, policies since 1991, central government public enterprises, achievements, and finally the causes for poor performance. After reading the chapter, you will know all that you need to know about public sector enterprises in India.

The role of the public sector in accelerating the growth of the developing countries cannot be over-emphasized. In almost all developing economies, including India, the private sector is primarily engaged in the production of consumer goods and in plantation and mines. The principal motive of the private sector is to earn profits and ...

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