India's state sector is thriving but that’s not good news for the economy
Our public sector undertakings are performing well but are mostly in sunset industries like fossil fuels and old transport. While these state-owned companies reinvest in themselves, private sector investment remains anaemic. This won’t modernize India’s economy, nor will it increase productivity.
Our public sector undertakings are performing well but are mostly in sunset industries like fossil fuels and old transport. While these state-owned companies reinvest in themselves, private sector investment remains anaemic. This won’t modernize India’s economy, nor will it increase productivity.