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Understanding the internationalization of Indian state-owned enterprises

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  • Aakanksha Kaushik

Abstract

The article examines the global activities of high-value Indian state-owned enterprises (SOEs) classified by the government as “Maharatnas” and “Navratnas.” Using the FESPET framework, the paper assesses their performance and international presence, revealing their commitment to a public mission beyond financial gains. These SOEs prioritise social spending and often surpass regulatory environmental targets, serving as valuable assets in India and globally. Profitable SOEs demonstrate positive impacts abroad, while financially unsustainable ones fall short in contributing to the non-financial “ESPET” dimension.

Suggested Citation

  • Aakanksha Kaushik, 2024. "Understanding the internationalization of Indian state-owned enterprises," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 27(4), pages 413-435, October.
  • Handle: RePEc:taf:jpolrf:v:27:y:2024:i:4:p:413-435
    DOI: 10.1080/17487870.2024.2353301
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