Question:
State one example each of a Maharatna and a Miniratna company in the public sector in India.
State one example each of a Maharatna and a Miniratna company in the public sector in India.
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Import substitution can stimulate local industries, but it must be carefully implemented to avoid inefficiency, high prices, and stagnation. Proper trade policies can ensure balanced growth and competitiveness.
Updated On: Jul 1, 2025
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Solution and Explanation
- Maharatna Example: Oil and Natural Gas Corporation (ONGC) is a Maharatna public sector company in India. This status allows the company to make independent investment decisions up to ₹5,000 crore without prior approval from the government.
- Miniratna Example: Bharat Sanchar Nigam Limited (BSNL) is a Miniratna company in India. It has been granted greater operational autonomy but has limits on the capital expenditure it can undertake without government approval.
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