4 min read.Updated: 13 Apr 2021, 09:55 PM ISTArun Maira
Every business should be designed to manage resources efficiently and also deliver well against a scorecard of public needs
The Indian state has an enormous task ahead of it, to ‘build back better’ an economy that was not growing well before the covid pandemic. Neither was it producing enough jobs and incomes for workers and farmers. Nor was it delivering good public health and education to its citizens. The government has a financial problem: It must find money for providing public goods. Therefore, it is stepping on the accelerator to ‘privatize’ public sector enterprises (PSEs) for funds, and to also get private companies to run these businesses more efficiently.