本文探討1991年7月24日起之公營事業改革，分為三個時期：第一時期國大黨政府時期（1991年7月至1996年4月），第二時期聯合陣線政府時期（1996年6月至1998年2月），第三時期瓦巴依聯合政府時期（1998年3月至1999年4月），分析三個時期公營事業改革之差異。各黨均主張公營事業須改革，但仍受阻於行政官僚與利益團體。

　　　　　Public enterprise reforms in India have been one of the most important variants of liberalisation policy. The first major policy decision to reform public enterprises in the country was taken on July 24, 1991 and since then the process is on. Though the reforms are gradual yet for all intents and purposes the process seems irreversible. Since July 24, 1991 almost all the major political parties have either ruled the country or have extended support to the government from outside. Inspite of their differences across the type, sequencing and pace of reforms, none of the political parties has sought the reversal of the reforms. The eight-year period of public enterprise reforms can be divided into three phases (July, 1991∼April,1996; June, 1996∼February, 1998; March, 1998∼April, 1999) on the basis of type and aims of the reforms. Each phase co-terminates with the tenure of the government. The objective of this paper is to analyze phase wise public enterprise reforms in India.