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Letter to BS: PSU index likely to slip into red first time in 19 years

A competitive post-liberalisation period has marked the advent of many private players competing in the market on even terms

Business Standard 

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This refers to "may slip into red first time in 19 years" (November 21). After liberalisation in 1991, (PSUs) no longer enjoy the government cushion and protection for continued functioning. A competitive period has marked the advent of many competing in the market on even terms. They are losing out to amidst stiff market competition as has been reflected in the post-1999 index of their performance. The failure to swiftly adapt to continuous changes in technology, to keep pace with changing consumer demands, have been a challenge for the public sector. The portrays this although undertakings that face less market pressures such as the State Bank of India, Bharat Electronics and Power Grid Corporation continue to defy the odds. The inability of PSUs to keep pace with intensive competition has rendered large public sector entities either redundant or has paved way for their acquisition by

C Gopinath Nair, Kochi

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First Published: Thu, November 22 2018. 22:02 IST