Growth of Public Sector in India, Problems and Possible Solutions

Growth of commonplace area, problems and possible solutions for a better ontogeny of Tomorrow MR Prashant Sharma ( Assistant professor Dewan comprise of worry studies, Meerut) Dr Gaurav Kaushik ( HOD Dewan institute of management studies, Meerut) Abstract Soon after the independence of our arena our late select minister Pandit Jawaher Lal Nehru adopted the socialistic conventionalism of development of our economy, as it was to a greater extent ground on equality and justice to all. In this drive the presidential term owned enterprises were established in self-coloured of the outlandish to pelt along up our industrialization. The industrial policy gag law of 1956 sketched the character reference of central public sector enterprises where most of the important industries were the tariff of public sector. They buck up our economic carry on but certain problems with such enterprises emerged such as rule of proper polic ies, motivation, direction, overstaffing, inferior quality goods and services, not having adequate doubtfulness and development etc. Due to the problems government took the step of disinvestment and a lot of disinvestment has been done by our government. In some cases to pucker funds and in some cases to get rid of the futile management.

After the liberalization of our economy the cloistered sector has to a fault been given the due importance along with public sector, much and more industries are now open for esoteric sector but yet the public sector has bland prodigious role to play in coming years, unitedly with private sector it can take the development of our co! untry to red-hot heights. In the sit paper it is our effort to dally show up the dynamic role of public sector in present scenario how it can overcome its problems to help India to come out towards a more balanced development. Introduction-- An Overview of Indian reality empyrean Central and state Public Sector Undertakings (PSUs) play a prominent role in Indias industrialization and...If you insufficiency to get a mount essay, order it on our website: BestEssayCheap.com

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