Liberalisation, Privatisation And Globalisation — Economics STD 12 Humanities & Commerce — Question

The profitable PSUs, later referred to as 'navaratnas' were originally formed during 1950 to 1960 when selfreliance was an important element of public policy. They were set up to provide infrastructure and direct employment to the public. They were set up so that quality end-products reached the masses at a nominal cost.