ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Private Sector s Cake

Private Sector's Cake THE large private corporate sector is rapidly emerging as the dominant segment of the Indian economy and, given the lacklustre performance of the public sector, its importance can be expected to grow further. Apart from the massive financial assistance provided by the public sector financial institutions, the growth of the private corporate sector has been made possible by the generous fiscal incentives and benefits extended to it by the government. The corporate sector now also enjoys a very liberal environment for foreign collaborations and for import of technology and capital equipment as well as raw materials and components. To what extent the private corporate sector in turn has responded to this favourable environment and contributed to the goals of strengthening the country's industrial base and achieving technological self-reliance is difficult to say in the absence of analytical and qualitative studies of the industrial sector of the economy, What we have instead are only studies of the financial performance of private sector companies which, while no doubt useful in themselves, throw little light on the quantitative and qualitative advances in the industrial sector in real terms.

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