On Profit Maximisation in Public Enterprises in India

in India Ranjit K Sau The basic purpose of the public sector in India is twofold: first, to help initiate and sustain a process of rapid economic development, and, secondly, "to carry out such an economic change as will eliminate the economic bases of the. exploiting classes". The pricing policy of public enterprises in India, therefore, has to be determined keeping in full view the context and the logic of the mission to be fulfilled.