The Indian Economy Since 1991, 2nd Edition

Chapter 8

1 Since the public sector investment in most of the developing countries is effectively a policy variable, the economists have focused on the private sector investment as being susceptible to extensive analysis. Also contributing to the interest in the private investment activity is the recent research suggesting that the private sector investment has been more directly related to economic growth in the developing countries than has the public sector investment (Khan and Reinhart, 1990).

2 In India, the corporate sector is defined as the non-financial, non-government joint stock companies. The corporate sector consists of the closely held (private limited) and the publicly held (public limited) companies, with approximately 6.19 lakh ...