Description
Book SynopsisPublic 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.
Trade Review"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."
-- CounterCurrents, 27 September 2020
"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."
-- The Hindu, Frontline, 11 September 2020
Table of ContentsPreface 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
