India s Growth and Management by Objectives

India's Growth and Management by Objectives DISSATISFACTION is often expressed at the performance of public sector enterprises. Newspapers and commentators are fond of pointing out their failure to provide a satisfactory rate of return on the capital employed. The Finance Minister and occasionally the Prime Minister exhort them to function better and provide more resources for future development. The Planning Commission routinely takes their surpluses into account in its resource calculations and expresses its displeasure when these do not materialise. The latest fulminations come from some of the economists forgathered at MIT to discuss India's slowing/slow rate of growth, (cf Ashutosh Varshney, "Political Economy of Slow Industrial Growth in India",