Letter to BS: PSU index likely to slip into red first time in 19 years

This refers to "PSU index may slip into red first time in 19 years" (November 21). After liberalisation in 1991, public sector undertakings (PSUs) no longer enjoy the government cushion and protection for continued functioning. A competitive post-liberalisation period has marked the advent of many private players competing in the market on even terms. They are losing out to private players amidst stiff market competition as has been reflected in the post-1999 index of their performance. The failure to swiftly adapt to continuous changes in technology, to keep pace with changing consumer demands, have been a challenge for the public