Chapter

State-owned Enterprises or Public Sector Undertakings

Kshama V. Kaushik and Kaushik Dutta

in India Means Business

Published in print February 2012 | ISBN: 9780198072614
Published online September 2012 | e-ISBN: 9780199081592 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198072614.003.0004
State-owned Enterprises or Public Sector Undertakings

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This chapter examines the role of state-owned enterprises or public sector undertakings (PSUs) in Indian economy. PSUs are government-controlled companies or statutory corporations set up by an Act of Parliament, or departmental enterprises of the government like in the defence sector, railways, or telecommunications. This chapter identifies the management problems of PSUs and describes how pressure to stay relevant is forcing several large PSUs to shake up their style of management and emulate the dynamics of the private sector. It contends that PSUs have been instrumental in creating basic economic infrastructure in the country and developing a deep bank of technical skills; clearly, though, they can deliver better value only by sharpening their commercial orientation.

Keywords: PSU; Indian economy; defence sector; railways; telecommunications; management problems; technical skills

Chapter.  7586 words. 

Subjects: Economic History

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