The demise of the public sector

Many iconic public sector enterprises of the 1970s are either sick, dying or getting there: Indian Telephone Industries was the grandfather of telephone equipment manufacture; today, it is awaiting a buyer. Many have been sold, for example, Modern Bakeries, VSNL, Computer Maintenance Corporation, BALCO, etc. Many will disappear in the coming years. I would bet on BSNL, MTNL, Air India and HMT not surviving.

Read Full Story>>