Public Sectors in India

PSE In India

The 1948 Industrial Policy resolution accepted the inevitability of State ownership in three categories of industries covering manufacturing of arms and ammunition, production of atomic energy and ownership and management of railways.

Essential Characteristics of PSEs:

Public Enterprise is an activity of a business character, managed and owned, 51% or more, by the Government– Central, State or Local, providing goods/services for a price.

Arjun Sengupta Committee:

It recommended that the Government should primarily be concerned with strategic planning and policy.

It also stated that the Government should ensure appropriate returns on investment in Public Enterprises consistent with plan objectives.

Nationalisation Policy in India

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Indian Economy