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In 1991, when India faced a major economic crisis, the government asked the International Monetary Fund for a bailout loan. To prevent a repeat, the government introduced reforms in the economy in accordance with the international trend of privatization and globalization. This was a milestone as it changed Indian markets and the financial sector in the country. Foreign direct investment was encouraged, public monopolies were restricted and service and tertiary ...
The volume views the relevance of public sector enterprises (PSEs) in the context of changes such as promotion of various public private partnerships (PPPs) for implementation of infrastructure projects. Examining research findings, it presents insights on the objectives of PSEs especially where achievement of higher economic growth, economic self-sufficiency and other aspects are concerned. It deals with role of the government in the growth of PSEs, ...
