Invigorate PSEs to Fight the Global Economic Slowdown
8 Pages Posted: 15 Apr 2009
Date Written: April 15, 2009
The Public Sector Enterprises (PSEs) in India have contributed immensely to the national self-reliance. It is widely believed that they have a much greater potential and prospects for growth and profitability in future and will continue to play an important role in the economy. This is primarily because the social causes for which these institutions were incorporated during the past fifty years following national independence remain stark realities even today and the contemporary socio-economic system really needs the support of these institutions to enrich the life of the common man. In the ensuing industrial climate under the globalized economic environment and especially under the present global economic slowdown the mission and role of public sector has come up for a fresh round of discussions. This paper examines how these institutions can be strengthened embrace a world of knowledge, information, practices and outlook to reduce the impacts of the global economic slowdown in the national economy in India.
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