Disinvestment in Public Sector Units of India
India is plagued by its inefficient and impotent public sector.[1] Barring a very few, 254 Public sector units (PSU) incur heavy losses. However, they continue to exist due excessive capitalisation and state granted monopoly. Being huge burden on taxpayers, they almost always returned less than investment. In the period of 1986-1991, State owned enterprises made 39% of GDP as gross investment, but generated only 14% of GDP.[2] Conceding to demands of privatisation and with tough resistance from labour unions, government of India is slowly divesting from PSUs. The below table provides the data for divestment which started from 1991(Barring 2 small units CMC Limited and Patherele Concrete).
| Year | Total Receipts (Rs. crore)
( Inflation adjusted to 2016 Prices) |
|---|---|
| 1991-92 | 17,314 |
| 1992-93 | 9,868 |
| 1993-94 | 0 |
| 1994-95 | 23,387 |
| 1995-96 | 678 |
| 1996-97 | 1,399 |
| 1997-98 | 3,143 |
| 1998-99 | 16,624 |
| 1999-00 | 5,512 |
| 2000-01 | 5,261 |
| 2001-02 | 15,131 |
| 2002-03 | 8,662 |
| 2003-04 | 38,611 |
| 2004-05 | 6,614 |
| 2005-06 | 3590 |
| 2006-07 | 0 |
| 2007-08 | 8,469 |
| 2008-09 | 0 |
| 2009-10 | 38,748 |
| 2010-11 | 33,881 |
| 2011-12 | 19,418 |
| 2012-13 | 30,507 |
| 2013-14 | 18,304 |
| 2014-15 | 26,901 |
| 2015-16 | 33,690 |
| 2016-17 | 56,500 (Target) |
| 2017-18 |
See also
- Public sector undertakings in India
- List of public sector undertakings in India
- Public sector banks in India
- Banking in India
- Five-Year Plans of India
References
- ↑ "Indian PSUs inefficient, impotent: Chinese daily". News18. Retrieved 2016-05-27.
- ↑ "Deepak Singh on Twitter". Twitter. Retrieved 2016-05-27.
- ↑ http://www.divest.nic.in/SummarySale.asp
- ↑ "Inflation Calculator India 1971-2016". calculatorstack.com. Retrieved 2016-05-27.
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