Water Car Engineer
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Well, let me see - what would I expect of India's private firms back then? I would expect them to hire the best of talents and manage it in a professional manner. Kind of like McDonnell Douglas, Lockheed Martin, Northrop Grumman, Hughes Aircraft Company and others. I do believe that engineering firms in India like Larsen & Toubro, TELCO and Mahindra could have done a better job if given the freedom. But you are entitled to your opinion and I am to mine. There is no harm in that.
It's India's own fault of self enclosing these public sector companies by themselves and restricting the private firms from entering the sector. There's nothing they could do back then let alone 10 years ago, even if they wanted to.
I am all for a MIC with private firms competing to get contracts.