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Performance of Public Sector Enterprises in India: Pre and Post Liberalization Scenario

08/2011;

ABSTRACT The poor performance of Public Sectors Enterprises in eighties made reform increasingly urgent in the context of the broader strategy of the liberalization of the economy to deal with the perceived weaknesses of India’ s development strategy in general and public sector enterprises in particular. In this context, this paper tries to analyze the performance of Central Public Sector Enterprises against the backdrop of liberalization measures introduced in 1990s and afterward. The paper makes an assessment on the basis of some selected indicators for the period of 1980-1981 to 2008-2009. The findings suggest that the PSEs performance has better in all the indicators in the post-liberalization regime compare to pre-reform period.

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    ABSTRACT: This paper examines the disinvestment of shares of public sector enterprises (PSEs) in India since 1991. The poor performance of PSEs made reform increasingly urgent in the context of the broader strategy of the liberalization of the economy to deal with the perceived weaknesses of India's development strategy. The paper argues that the main aim of disinvestment has been to reduce the public sector borrowing requirement, at the cost of the restructuring and rationalization of PSEs in particular and the public sector in general. The process of disinvestment has been a complex one and has not been free of criticism. Alleged under-pricing of shares sold, lack of transparency, limited public support for disinvestment and the absence of a common set of objectives between the Government of India and the Disinvestment Commission have been major problems. In many respects, India provides a checklist of how not to disinvest.
    Oxford Development Studies 02/2000; 28(1):19-32.

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