ThePrint ThePrintPOD:Modi govt reduced political interference in PSUs. It’s how they became wealth creators
Jul 3, 2025
Discover how the Modi government revitalized India's public sector undertakings by reducing political interference. Learn about the impressive growth metrics in defence manufacturing and banking. The podcast highlights the transition to greater autonomy, showcasing how effective governance transformed PSUs into significant economic contributors. Explore the journey towards improved efficiency and stronger balance sheets, demonstrating their role as wealth creators.
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PSU Transformation Under Modi
- Modi government significantly improved public sector undertakings' performance by reducing political interference.
- PSUs increased revenue, profits, and investments, becoming key players in India's economic growth.
Defence Production Shifted Domestically
- Defence manufacturing shifted from imports to domestic production with Modi's push for local procurement.
- Defence PSUs now supply 65% of equipment, reducing import dependency dramatically.
PSBs’ Revival and Health
- Public sector banks revived through equity infusion and governance reforms under Modi.
- Non-performing assets reduced significantly, and banks now have strong profitability and capital health.