Flogging the family lead

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Flogging the family lead

机译：鞭打家庭铅

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THE HINDU pantheon of gods has no shortage of deities with multiple arms. India's government, with a hand in industries from energy and steel to finance and travel, would fit right in. A long infatuation with central planning transformed state-run business into a sprawling industrial empire encompassing 5% of the economy. But acquiring appendages is easier than managing them. Profits as a percentage of revenues are just over 1% at state-run companies, compared with 7-9% for the private sector. Many are a loss-making burden on the public purse-more family lead than family silver.

机译：众神的印度万神殿没有多武器的神灵短缺。印度政府，曾在能源和钢铁融资和旅行的行业，将适合。与中央规划的迷恋令人愉快的国家经营业务进入一个庞大的工业帝国，包括5％的经济。但收购附属物比管理它们更容易。国营公司的收入百分比占收入百分比的利润超过了1％，而私营部门的7-9％。许多人对公共钱包的损失负担而不是家庭领先的家庭。

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《The economist》 |2021年第9232期|共2页
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Flogging the family lead

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