Following the international wave of privatisation, India too has embarked on the experiment of disinvestment/privatisation of its public sector entities. India’s efforts, though tentative and halting, would have to be viewed in the historical perspective of public sector dominance in its core and strategic activities and creation of infrastructure facilities. This book deals with the origin of the public sector, its present status and the attempts at public sector reform. At the same time, the book gives an account of the future investment needs of infrastructure and the policy initiatives for speedy world class infrastructure development. The experiment with disinvestment of public sector industries and reform in the banking and insurance sectors are dealt with in this background. The need for proper regulation and empowered regulatory machinery to ensure competition and prevention of consumer exploitation is also briefly dealt with. This book is the first attempt to encompass all these issues at one place and should be of interest to investors, economists, policy formulators, bureaucrats and students—all of whom would be involved in this country’s progress.
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