Exit or Renaissance: Strategic Challenge to Public Sector Enterprises

Abstract

Public Sector in India was created to take the economy to the commanding heights. Both the central and the state governments have attempted to make the dream materialise. However, in the last few years the wind has started blowing in the opposite direction. Is public sector enterprise as a concept a wrong thing? Or, we have not attempted to take necessary care to understand that they are fundamentally different from private sector enterprises and to be managed differently. This paper takes a fresh look at the whole issue and pleads for fundamental changes in the way they are to be managed to enable them play an effective role to take the economy to the commanding heights.