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DIFFERENT PROBLEMS
FACED BY THE PRIVATE
SECTOR
BY- Dipanway Bhabuk
SECTORS ON THE BASIS OF
OWNERSHIP
PRIVATE SECTOR- Reliance Industries Limited, Wipro Limited
PUBLIC SECTOR- Bharat Heavy Electricals Ltd., Airports Authority of
India
JOINT SECTOR- Malwa Cotton Spinning Mills LTD – Punjab, Gujarat
State Fertilizers
PROBLEMS FACED BY OUR
ECONOMY AS A WHOLE
INFLATION
POOR EDUCATIONAL STANDARDS
BALANCE OF PAYMENT DEFICIT
POOR INFRASTRUCTURE
INCREASE IN INEQUALITY OF INCOME
RIGID LABOUR LAWS
PROBLEMS FACED BY PRIVATE
SECTOR The small and medium scale companies in the private sector of Indian
economy suffer from lack of finances to welcome the idea of extending their business to other states or diversify their product range
The private sector of Indian economy also suffer from the absence of appropriate regulatory structure, to guide the private sector and this speaks for its unorganized framework. The unorganized framework of the private sector is interrupting the proper management of this sector resulting in the slowdown of its development
The most important problem was delays due to regulatory structure. There have been too many regulations imposed by the government on the private sector which often resulted in procedural delays. It is estimated that on an average it takes seven years from the conceptual stage to the production stage for any significant investment project to materialize in India
PROBLEMS FACED BY PRIVATE
SECTOR
The private sector had not been given a significant role in the
economic development. The government has entrusted the
basic and capital goods industries to the public sector and
made it the prime mover of economic development. As a
consequence, the private sector has to be satisfied with the
secondary role assigned to it
Another major problem was the growing industrial sickness
due to continuous losses, which resulted in the failure to
meet liabilities
THANK
YOU