ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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The Macro-Economic Study of the Public Enterprise Sector

'Public Enterprise Sector' Ramaswamy R Iyer Faced with sub-optimal performance by public enterprises and the strains which this imposes on the national plan and the budget, we can either consider how best that performance can be improved, or assume that public enterprises as a class are bound to be less efficient than private enterprises and recommend privatisation. Those who have no doctrinal discomfort with the notion of public enterprises will take the first course; and those who believe that the market is the norm and that any deviation from it (including the advent of the state into business) is a 'distortion', will tend towards the second course.

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