The Disinvestment Programme in India - Impact on Efficiency and Performance of Disinvested Government Controlled Enterprises (1991-2010)


  • Bangalore University, Department of Economics, India


The Public Sector Enterprises have been of predominant importance from time immemorial, with several theories of growth highlighting the working of the Government through state enterprises. There were however, two schools of thought – the Classical school that advocated the existence of a free economy, adopting the policy of laissez faire, while the modern economists, especially John Maynard Keynes, spoke of the importance of a mixed economy, where there was co-existence of the public and private sectors.


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Financial Management

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Farrell. M.J.: 'The Measurement of Productive Efficiency' JSTOR, 2005.

This study is prepared for the ADB Policy Networking Project, coordinated by Chiranjib Sen, Indian Institute of Management Bangalore. I am grateful to T.C.A. Anant, K.L. Krishna and many participants of the two workshops held in New Delhi and Bangalore, for their comments and suggestions on the earlier drafts of the paper. Usual disclaimers apply.

Department of Disinvestment, Government of India.


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