Public Enterprise, 2021, Issue 25., Vol.1-2, Article 6

Privatisation of Central Public Sector Enterprises in India

Tashi Phuntsok

Vidyasagar College, University of Calcutta, Kolkata, India

Jawaharlal Nehru University, Delhi, India

Received November 2021; Revised December 2021; Accepted December 2021

https://doi.org/10.21571/pehyj.2021.2512.06

Abstract

This paper investigates the different phases of reform state owned enterprises (SOEs) that India had been experience since the beginning of reform and analyses the policy objectives behind the policy of SOEs reforms introduced. Having evaluated the policy objectives based on various source the paper seeks to find the degree to which the objectives have been achieved and had an impact on the performance of SOEs. The paper finds three different phases of privatisation with different objectives and that the of performance of SOEs during these phases have been different. The analysis of performances of SOEs in different phases leads to questioning of the need for privatisation and speculation as to whether the actual objective behind the overall privatisation process is to generate revenue to cut the government fiscal deficit.

KEYWORDS: decentralisation; state owned enterprises; supply efficiency

Reference to this paper should be made as follows: Phuntsok, T. (2021). Privatisation of Central Public Sector Enterprises in India. Public Enterprise, 25(1-2), 65-83. https://doi.org/10.21571/pehyj.2021.2512.06

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