define public sector enterprises
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Explanation:
A state-owned enterprise in India is called a public sector undertaking (PSU) or a public sector enterprise. Those companies are owned by the union government of India or one of the many state or territorial governments or both. The company stock needs to be majority-owned by the government to be a PSU.
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ᴘᴜʙʟɪᴄ ᴇɴᴛᴇʀᴘʀɪsᴇs, ᴏʀ sᴛᴀᴛᴇ-ᴏᴡɴᴇᴅ ᴇɴᴛᴇʀᴘʀɪsᴇs, ᴀʀᴇ sᴇʟғ-ғɪɴᴀɴᴄɪɴɢ ᴄᴏᴍᴍᴇʀᴄɪᴀʟ ᴇɴᴛᴇʀᴘʀɪsᴇs ᴛʜᴀᴛ ᴀʀᴇ ᴜɴᴅᴇʀ ᴘᴜʙʟɪᴄ ᴏᴡɴᴇʀsʜɪᴘ ᴡʜɪᴄʜ ᴘʀᴏᴠɪᴅᴇ ᴠᴀʀɪᴏᴜs ᴘʀɪᴠᴀᴛᴇ ɢᴏᴏᴅs ᴀɴᴅ sᴇʀᴠɪᴄᴇs ғᴏʀ sᴀʟᴇ ᴀɴᴅ ᴜsᴜᴀʟʟʏ ᴏᴘᴇʀᴀᴛᴇ ᴏɴ ᴀ ᴄᴏᴍᴍᴇʀᴄɪᴀʟ ʙᴀsɪs.
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