Chatterjee, Bhaskar <br/><br/>
The privatization debate 

 -  1994 
 - p.253-69 
 - Jan-Mar 
<br/><br/> Public enterprises (PEs) have, over the past three or four decades, played an important, and in some cases, pervasive role in the economies of developing countries. In India, the number of PEs by 1991 had reached the staggering figure of 1150. The ostensible purpose of creating PEs was the expectation that they would produce profits that would then be ploughed back into new development projects. This noble intention was virtually never fulfilled. On the other hand, PEs generally satisfied the perceived need for rapid indigenization and for maintaining the stance that government was the protector of the interests of the popular majority against venal, greedy and crooked private operators 
<br/><br/><label>Subjects--Topical Terms: </label><br/>Privatization - India<br/>Government business enterprises - India<br/>Public sector enterprises - India