study public sector enterprise with reference to its relevance to the Indian economy and its future prospect analyse the trend of its growth for the past 10 years
Answers
ONGC (Oil and Natural Gas Corporation) Limited is India's Maharatna public enterprise. Energy security is highly reflected by ONGC's operations. This performance also marks India's self-reliance on petroleum reserves in the future.
Explanation:
10 year sales performance of ONGC:
Net Sales (Rs in crores)
2009-2010 = 61892.52 (0.00%)
2010-2011 = 65841.79 (+6.38%)
2011-2012 = 75758.41 (+15.06%)
2012-2013 = 82248.41 (+8.56%)
2013-2014 = 83155.78 (+1.10%)
2014-2015 = 82126.28 (-1.23%)
2015-2016 = 77741.75 (-5.33%)
2016-2017 = 77907.73 (+0.21%)
2017-2018 = 85004.10 (+9.10%)
2018-2019 = 109654.55 (+28.99%)
Performance highlights of India's public enterprise:
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Public enterprise in India contribute to economic growth:
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Public sector enterprise
Explanation:
- In India, a public sector organization is that organization in which the Center Government or State Government or any Regional Authority recognizes a percentage of 52 % or more. presently, there are just three sectors left booked only for the government i.e. Explosive material, Atomic energy, and Railways. Private sector professionals are not permitted to work in these sectors.
- In 1991, July our new economic policy was started under the administration of P.V. Narsimha Rao and Mr. Manmohan Singh.
The main purposes of this new economic policy were:
1. To secure sustained growth in productivity
2. To enhance gainful employment
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