New Delhi, May 18 -- Yes, we speak of things that matter

With words that must be said

"Can analysis be worthwhile?"

"Is the theatre really dead?"

-The Dangling Conversation by Paul Simon

The answer is an unequivocal 'no'; theatre is alive and thriving across the Indian landmass. But the same question asked about India's public sector, especially public sector units (PSUs) engaged in manufacturing activity, might elicit different responses, depending on the political disposition of the person replying. As things stand, the economic situation in India may require a fresh but nuanced relook at public sector manufacturing.

This suggestion will undoubtedly be met with howls of protest. And with reason too. The record of manufacturing PSU...