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Public enterprises reforms occupy the central place in the schemes of economic reforms in India. In many developing countries opting for economic reforms, public enterprise reforms have come at the beginning of the cycle of economic reforms. In India, it has not happened so and the results are there for us to see. The present book makes an attempt to present a case for reforming public enterprises in India and also the agenda for action for this purposes. It outlines the challenges ahead for public enterprises and the need for reforms viewed from the global perspective. It outlines the performance of the public enterprises and the areas requiring the attention of the reformers. It presents the case of a state in which reforms have to be carried out and the context for such reforms. It identifies regulations as one of the key component of the reforms. The book also elucidates the reform experience of some of the states. It presents a balanced view of the theory and practice of public enterprise management in the reform context. It incorporates case studies of nine public enterprises to demonstrate the need and effect of economic reforms.
On privatisation and labour restructuring in India and Sri Lanka.
The Issue Of Privatization Of Public Enterprises Has Assumed The Importance In Recent Years In The Context Of Changing Global Economic Scenario, Emerging Fiscal Constraints And The Poor Performance Of Public Enterprises And Their Inability To Contribute To Further Economic Development. The Pressures And Conditionalities Imposed By The International Donor And Commercial And Lending Agencies Like The World Bank And The Imf For Structural Reforms To Ensure The Competitiveness Of Its Economy Which Include Lower Protective Tariffs, Increasing Foreign Investments In Financial Sector, Industrial Deregulation And Privatization, Is Part Of Macro-Economic Adjustment Programme And Which Plays The Positive Role In Ensuring A Healthy And Efficient Economy.The Failure Of Nationalization Acted As One Of The Principal Driving Forces Behind Privatization. In The 1980S And 1990S So Far, The Privatization As A Tool Of Economic Growth And Stability In The Changed Economic Environment Has Been Employed In A Developing Country Like India.This Book Is An Attempt To Bring Together At One Place The Various Perceptions On The Multi-Dimensional Process Of Privatization Of Public Enterprises In India With The Help Of Contributions Of Economists And Social Scientists.This Book Has Implications For Formulating Policies In Order To Restructure The Public Sector Undertakings And Work Out Various Privatization Strategies Suited To The Indian Conditions.
The economic reforms in India are notable because of the development of private enterprises that are free from functionary management. In this country, the public sector needs renovation, since it makes a crucial contribution to national investment and growth. This article therefore, aims to analyze partial privatization, and restructuring of India's state-owned enterprises (SOEs), which need more dynamic shaping. Central government SOEs have fostered their profitability, investments and growth since India transferred to market-based prices and incentives with better contract enforcement. In the manufacturing sector, the profitability and efficiency of SOEs are superior to those of private enterprises. However, the performance of SOEs in services is poorer than that of their counterparts. Finally, the study recommends policies to improve the performance of SOEs in India.
Contributed articles.