CENTRAL PUBLIC SECTOR UNDERTAKINGS (CPSUs) IN INDIA ?WE ARE PROFITABLE AND SOCIAL?

In the era of competition and globalization the importance of privately owned business undertakings is rising. However, for a nation having mixed economy and developing economic status, excessively and completely relying on private players is risky. The individual contribution of private as well as public sector undertakings is significant. However, from last one and half decade unnecessary debates were going on proving the role of private sector and its efficiency. In fact, there is no significant association between the efficiency of work and the type of ownership. To study the problem stated above, this work is intended to discover the contribution of Central Public Sector Undertakings in Indian economy, to analyse the aggregate profitability of Central Public Sector Undertakings, to explore the social contribution of Central Public Sector Undertakings and to provide useful suggestions and recommendations to Central Public Sector Undertakings. The authentic secondary sources of data, Public Enterprises Surveys and Annual Reports of Department of Public Enterprises are primarily used for the analytical purpose. This study explored that the contribution of Central Public Sector Undertakings in Indian economy is significant; the aggregate profitability of Central Public Sector Undertakings is showing increasing trend and the social contribution of Central Public Sector Undertakings is above expected and statutory levels.