Public Sector Enterprises in India: Evolution, Privatisation & Reforms
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Public 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 of an unimaginative government machinery by depoliticisation and separation of the government’s roles as a majority stakeholder, policymaker and regulator and by changing their holding structure.
Dr. Govind Bhattacharjee is a retired bureaucrat who is presently engaged in academics, teaching public finance and public policy at the Arun Jaitley National Institute of Financial Management, Haryana, as well as at the Indian Institute of Management, Calcutta. He is a prolific and versatile writer who has authored ten books and contributed numerous articles in national newspapers and research journals on diverse topics. His areas of interest include popular science, public finance, developmental economics, public policy and photography.