Contribution of Nehruvian Economic policy on establishment of Public Sector undertakingsPost independence saw establishment of many Public Sector undertakings all over India. The Economic policy of Late Jawahar Lal Nehru, the first Prime Minister of Independent India gave more thrust towards establishment of many Public Sector Undertakings. The main objective of setting up of these PSU's was to provide more employment opportunities. The PSU , Indian Telephone Industries Ltd [ITI] was established in the year 1948 is the first PSU after Independence.
As on date there are 246 Central Public Sector Undertakings and State Public Sector Undertakings functioning all over India. Among these eight PSU's are categorized as Maha Navaratna, 16 PSU's Navaratna, and 74 Miniratna's.
Are these PSU's kept pace with technology and relevant in the present day business environment?