I have no idea what that meant. Dont get fixated on labels, look at the merit of the arguments.
Name companies, let's talk case-by-case.
Most humans are employed in the primary sector does that mean that you aspire to become a farmer? (not that there is anything wrong with that). You are looking at the wrong section of the bell curve to find an aspirational template.
Why not focus on most successful companies that are in the business instead?
As you can see in the link above, there's only one state-owned corporation (an important distinction as OFB is not even a corporation) in the top 10 defense manufacturers in the world and at number 10.
The math is basic here, Privately managed companies > PSUs and Global PSUs > Indian PSUs
Among PSUs, Indian PSU industrial indicators are ridiculously low when compared to those in other left-leaning economies.
Read this -->
https://economictimes.indiatimes.co...-psu-models/articleshow/36215704.cms?from=mdr
And this -->
https://www.financialexpress.com/op...ore-style-model-of-efficient-control/1854834/
Indian software firms export services, when you work in a market, you adhere to the guidelines and regulations. A supply chain partner, by that logic, can be considered an extension of an industrial customer's operations.
You are moving the goal post again. If Govt. handouts is an issue, then you obviously can't support PSUs that don't even feature in the list of top global Indian companies, while draining the govt. coffers.
Let's go case by case, name companies that feature in the list of most profitable entities that you have an issue with and let's do a thorough analysis.