Public Sector Reforms In India

The present book endeavours to evaluate and analyse, at length, the overall performance of public sector undertakings in India over the period since 1984-85 to avert an impending financial crisis in the country. The Government of India announced New Economic Policy as well as New Industrial Policy in July 1991 to put the Indian economy on the right track, besides making it more vibrant and dynamic. The new economic reforms aimed at simplifying the procedures of too much bureaucratization and encouraging larger inter-play of market forces through more privatization and liberalization at both the national and the international levels. Public Sector Reforms In India highlights, inter-alia, the conceptual weaknesses explicitly noticeable in the package of the reforms and suggests diagnostic policy capsules for enforcement in future. The conclusions drawn are objectively based on the systematic and scientific study of the impact of economic reforms on the performance and prospects of ONGC after taking into account all the relevant issues concerning policy, programmes and strategy.