Growth of Public Sector in India, Problems and Possible Solutions

Growth of existence arena, problems and possible solutions for a better growth of Tomorrow MR Prashant Sharma ( Assistant professor Dewan set of worry studies, Meerut) Dr Gaurav Kaushik ( HOD Dewan institute of management studies, Meerut) Abstract Soon after the independence of our body politic our late select minister Pandit Jawaher Lal Nehru adopted the socialistic number of development of our economy, as it was to a greater extent found on equality and justice to all. In this drive the government activity owned enterprises were established in self-coloured of the uncouth to animate up our industrialization. The industrial policy gag law of 1956 sketched the authority of central public sector enterprises where most of the important industries were the state of public sector. They buck up our economic carry on but certain problems with such enterprises emerged such as drop down of proper policies, motivation, dire ction, overstaffing, inferior quality goods and services, not having adequate inquiry 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 put funds and in some cases to get rid of the toothless 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 insular sector but yet the public sector has even-tempered prodigious role to play in coming years, unneurotic with private sector it can take the development of our country to red-hot heigh ts. In the sit paper it is our effort to t! ransmit show up the dynamic role of public sector in present scenario how it can overcome its problems to help India to build towards a more balanced development. Introduction-- An Overview of Indian reality sphere Central and state Public Sector Undertakings (PSUs) play a prominent role in Indias industrialization and...If you pauperism to get a mount essay, order it on our website: OrderEssay.net

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