Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/222824 
Year of Publication: 
2019
Series/Report no.: 
ADBI Working Paper Series No. 1057
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
The economic reforms in India are notable because of the development of private enterprises that are free from functionary management. In this country, the public sector needs renovation, since it makes a crucial contribution to national investment and growth. This article therefore, aims to analyze partial privatization, and restructuring of India's state-owned enterprises (SOEs), which need more dynamic shaping. Central government SOEs have fostered their profitability, investments and growth since India transferred to market-based prices and incentives with better contract enforcement. In the manufacturing sector, the profitability and efficiency of SOEs are superior to those of private enterprises. However, the performance of SOEs in services is poorer than that of their counterparts. Finally, the study recommends policies to improve the performance of SOEs in India.
Subjects: 
India
state-owned enterprises
economic reforms
privatization
JEL: 
O4
O43
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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