Question:
Appraise the Navratna policy adopted by the Government of India in the reforms of 1991.
Appraise the Navratna policy adopted by the Government of India in the reforms of 1991.
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The Navratna policy made key PSEs financially autonomous to compete effectively in a liberalised economy.
Updated On: Jul 1, 2025
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Solution and Explanation
The Navratna policy was introduced to empower select public sector enterprises (PSEs) with greater autonomy to compete in the global market. Key highlights:
Certain high-performing PSEs were awarded ‘Navratna’ status.
These enterprises gained operational and financial autonomy in areas like investment decisions, joint ventures, and human resource management.
Aimed at increasing efficiency, competitiveness, and profitability of public enterprises.
Certain high-performing PSEs were awarded ‘Navratna’ status.
These enterprises gained operational and financial autonomy in areas like investment decisions, joint ventures, and human resource management.
Aimed at increasing efficiency, competitiveness, and profitability of public enterprises.
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