gfiles magazine

May 11, 2017

Facing challenges

These statements show the confidence of the Government of India that family silver cannot be sold out in the open market in haste. It has taken 26 years for the Government of India to draw a firm policy of disinvestment. The government has to still fine tune a roadmap of withdrawing from running business enterprises. The 8th Public Sector Day celebrations by Public Sector Enterprises (PSEs) indicate they will grow robustly and will remain the main donor to the GDP (Gross Domestic Product). The President of India, Pranab Mukherjee, said that India we started with only five PSEs with an investment of Rs 29 crore. He said India is a fast-growing economy and many more glorious chapters will be added to the credit of PSEs in future too.

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