Disinvestment of Public Sector Enterprises in India: Policies and Challenges
The poor performance of PSUs started to be reflected in low profits and in some cases mounting losses year after year. Hence, privatisation of public sector enterprises was a part of the economic reforms process initiated in 1991. In dismantling the public sector, India has adopted a gradualist approach. The slow pace of privatisation has disappointed the public in general. This book traces the philosophy and growth of PSUs in India and describes recent policy measures for their privatisation. Hurdles being faced by the Government in this gigantic task are also set forth.