New Delhi, Nov. 1 -- Much like the circular nature of many fashion trends, there seems to be a renewed interest in reviving public sector units (PSUs). The levels of interest and intensity may vary from country-to-country but PSUs are definitely finding a second lease of life.

While economic exigencies-triggered by geopolitical flashpoints, broken supply chains, energy crisis, a climate emergency, tight money, heightened inflation and rising interest rates-may have necessitated a rebirth of PSUs globally, their rapid adoption of artificial intelligence (AI) has prompted an urgent need to install governance and regulatory guardrails. This is of special importance in India.

The reason is that a PSU duality exists in India which aggravates...