Comparison of Performance Evaluation within Public Sector Undertakings during Reform Eras: A Literature Review

Autores/as

  • Roshan Baa St. Xavier’s College
  • Dr. A. K. Chattoraj

DOI:

https://doi.org/10.18226/25253824.v09.n14.01

Palabras clave:

Public Sector Undertakings, Maharatna, Post Reform Period

Resumen

Public sector undertakings (PSUs) were developed by the Indian government to overcome the critical issues faced post-independence. This study aims to review the understanding of PSUs in the Indian context in terms of their performance. The evolution, attributes, and significance of the Indian economy are discussed. The current status of PSUs as perceived from secondary data is described and the studies related to performance within the types of PSUs and the various time zones are comprehensively reviewed. It has been realized that even though there are few studies evaluating the performance productivity using performance indicators, studies are still lacking concerning the comparison of Maharatna, Navratna, and Miniratna companies. To fill this gap, the present review undertakes an analysis by comparing the performance of the three main PSU categories. In addition, the reasons for underperformance are also elucidated. Based on these, recommendations for enhancing performance in the Indian PSUs are suggested. This review assists in comprehending the functioning of PSUs, which intends to help and assist the Ministry of Finance, policymakers, potential investors, state governments, administrative management of the PSUs, researchers, educationists, and other stakeholders to direct the PSUs towards sustainable progress in terms of better performance efficiency.

Citas

References

Acharyya, M., & Agarwala, T. (2020). Relationship between CSR motivations and corporate social performance: a study in the power industry in India. Employee Relations: The International Journal.

Ahluwalia, M. S. (2019). India's economic reforms: Achievements and next steps. Asian Economic Policy Review, 14(1), 46-62.

Alam, M. F., Mohammad, A. S., & Anas, M. Disinvestment in Public Sector Undertakings (PSUS) and Its Analytical Study.

Anjum, N. EXPLORING THE JOURNEY OF STEEL AUTHORITY OF INDIA (SAIL) AS A MAHARATNA COMPANY.

Anjum, N. (2020). FINANCIAL PERFORMANCE APPRAISAL OF STEEL AUTHORITY OF INDIA (SAIL)–A MAHARATNA COMPANY USING ACCOUNTING RATIOS. Editorial Board, 9(3), 69.

Benfratello, L., & Parida, S. K. The Indian Economy Since Independence.

BOSE, A., & BASU, S. (2020). THE TESTING OF HOMOGENEITY & FINANCIAL DISTRESS: A STUDY ON MAHARATNA COMPANIES. CLEAR International Journal of Research in Commerce & Management, 11(6).

Chakrawal, A. K., & Goyal, P. (2018). Performance Measurement and Management in Public Enterprises in India: A Case Study of NTPC.

Chatterjee, S. (2020). AI strategy of India: policy framework, adoption challenges and actions for government. Transforming Government: People, Process and Policy, 14(5), 757-775.

Chavda, C. An Analytical Study on Financial Health of Selected Public Sector Companies of India Using Grover Model.

Chhibber, A., & Gupta, S. (2018). Public sector undertakings: Bharat’s other Ratnas. International Journal of Public Sector Management.

Choudhary, V. K., Singh, K., & Gupta, V. (2019). Assessment of Strategic Disinvestment strategies of CPSEs in India-Case Analysis of selected PSEs (2516-2314).

Dubey, M. (2020). Towards a new industrial policy in India. In Issues and Challenges of Inclusive Development (pp. 151-172). Springer.

Enterprises., D. o. P. (2022b). Public Enterprises Survey 2019-20 https://dpe.gov.in/public-enterprises-survey-2019-20.

Ghatak, U. K. (2018). Performance Management System–A Noble Approach for Performance Enhancement of an Organisation. International Journal of Information, Business and Management, 10(4), 173-183.

Gupta, V., Kulkarni, S., & Khatri, N. (2018). Leadership and management of public sector undertakings in an emerging economy.

Jarboui, A., Hlima, N. D. B., & Bouaziz, D. (2022). Do sustainability committee characteristics affect CSR performance? Evidence from India. Benchmarking: An International Journal.

Kansal, M., Joshi, M., Babu, S., & Sharma, S. (2018). Reporting of corporate social responsibility in central public sector enterprises: A study of post mandatory regime in India. Journal of Business Ethics, 151(3), 813-831.

Kumar, S. (2021). Central Public Sector Enterprises in India: A Case of Policy and Perception Conundrum. Indian Journal of Public Administration, 67(2), 177-187.

Kumari, S. (2019). PERFORMANCE OF PUBLIC SECTOR UNDERTAKINGS: A STUDY. JAMSHEDPUR RESEARCH REVIEW, 32.

Mandiratta, P., & Bhalla, G. (2020). Disinvestment in Indian central public sector enterprises: a performance improvement measure. Journal of Economic and Administrative Sciences.

Patidar, V., & Movalia, N. P. (2016). An Empirical Study on Financial Health of NTPC and NHPC. Pacific Business Review International, 8(9), 16-22.

PRABHAKAR, B. A. (2020). A STUDY ON FINANCIAL PERFORMANCE OF SELECTED CENTRAL PUBLIC SECTOR ENTERPRISES (CPSES) IN INDIA.

Roy, A. (2018). The middle class in India. Association for Asian Studies, 23(1).

Saha, S., & Kumar, S. P. (2018). Organizational culture as a moderator between affective commitment and job satisfaction: Empirical evidence from Indian public sector enterprises. International Journal of Public Sector Management.

Siddiqui, K. (2019). The political economy of India’s economic changes since the last century. Argumenta Oeconomica Cracoviensia(19), 103-132.

Subramanian, A., & Felman, J. (2019). India’s great slowdown: what happened? What’s the way out? CID Working Paper Series.

Tongia, R., & Gross, S. (2019). Coal in India: Adjusting to transition.

Weqar, F., & Haque, S. I. (2020). Intellectual capital and corporate financial performance in India's central public sector enterprises. International Journal of Learning and Intellectual Capital, 17(1), 77-97.

Descargas

Publicado

2025-04-02

Cómo citar

Roshan Baa, & Dr. A. K. Chattoraj. (2025). Comparison of Performance Evaluation within Public Sector Undertakings during Reform Eras: A Literature Review. Revista Interdisciplinaria De Ciencias Aplicadas, 9(14). https://doi.org/10.18226/25253824.v09.n14.01