Privatisation Of Public Enterprises In India

A number of public enterprise (PE) executives have long felt the need for a book which would provide necessary information and analysis of various dimensions of PE management and privatisation. The book provides at one place, a precise and authoritative account of the concept, policy, and analysis of major issues confronting PEs. Public ownership per se does not make PE performance sub-optimal. The operation of the Government system, of which PE is a sub-system, has not been conducive to performance. During the last six decades, inadequate political will and vested interests have come in the way of freeing PEs from excessive and throttling controls, and demoralising accountability. Not letting the managers manage with the freedom required in the liberalised and globalised set-up is the problem. The multifarious and complex managerial problems of PEs, which get compounded by faltering moves towards privatisation, cannot be wished away. These have been considered in the book at some length. The book, first published in 1980, continues to be a standard work on the subject. This latest edition has been revised by Dr. R.K.Mishra, Director, Institute of Public Enterprise,Hyderabad.

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.

Over the past decade India has been undertaking a programme of economic reform, and at the same time the economy has been growing at a high rate. As part of the reform programme, and in line with prevailing economic thinking, India has been privatising its large, ungainly public sector. One assumption underlying this programme is the dogma that public sector enterprises are doomed to inefficiency, and that competitive market forces can be relied on to make firms more efficient once they are privatised. But is this really true? Combining rigorous data analysis with case studies to provide a balanced evaluation of the process of deregulation and privatisation within the overall context of economic reforms, the author demonstrates, remarkably, that, contrary to the prevailing view, private sector firms do not outperform public sector firms across all sectors. He also shows that revenue-raising considerations have weighed more heavily with the government than efficiency objectives. Overall, this study of the reform process in India, with its unique longstanding mix of private and public sectors, will be of great interest to all those studying reform and transition worldwide.

First Published in 1987. This book contains studies on some important aspects of public enterprise, based on the experience of a wide spectrum of developed and developing countries. Public Enterprise and Evaluation seeks to introduce some fundamental ideas on the concept of evaluation at four levels, deals with evaluation as a system and succinctly reviews the experience of the United Kingdom, Argentina, Malaysia, Pakistan, Nepal and India. Capital Structures of Public Enterprises brings out the economic issues that are implicit in the arrangements of capitalisation in vogue in the public enterprise sector. Public Enterprise and the Public Exchequer is an in-depth analytical study of certain aspects of the budget link of public enterprises and shows how this has not yet been adequately realised. And Privatisation in the African Context deals with the concept of privatisation, now coming into prominence, and presents a nondoctrinaire review of the problems it raises.

The Constellation Of Global Economic Forces Acting Upon The Various Economic And Business Entities In A Transforming Economy Such As India Necessitates A Thorough Inquiry Into Its Major Dimensions. This Book Is An Attempt To Capture The Salient Features Of Such Major Issues.Govt. Policies With Respect To Disinvestment, Problems In Disinvestment Processes, Disinvestment Experiments In Late 90 S Role Of Various Agencies In Disinvestment Process; Development Of Mou As A Tool In Public Enterprise Management, Competitiveness In Public Sector, Productivity Scenario In Public Enterprises, Mou In India, Financial Autonomy, Accountability And Administration Of Public Enterprises Like Topics Are Given Competent Treatment In This Book.The Book On The Whole Attempts To Bring Together, The Manifold Dimensions Of Critical Issues At The Policy And Operational Levels Of The Indian Public Enterprise Management Process.