Gradual decline of Public sector companiesOnce upon a time Public sector companies were the unchallenged kings in their own space and specialty. Take for Instance HMT, many of us new no other brands other than HMT watches. Government public sector companies - Telephones, mass media, banks so on and so froth have all had there glory days and are now either not doing very well or ridden with bad debts facing part or full privatization. Currently Air India - the unquestioned Maharaja of the skies is desperately fighting for his survival. What are the major reasons for the decline of PSUs..
please share your views