Navratna

Navratna, meaning "nine gems" in Sanskrit, refers to a group of nine public sector enterprises in India that are recognized for their strong performance and potential for growth. This designation allows them greater operational and financial autonomy to compete effectively in the market. The nine companies include prominent names like Oil and Natural Gas Corporation (ONGC) and Indian Oil Corporation (IOC). The Navratna status is intended to strengthen these enterprises, enabling them to contribute significantly to the Indian economy while promoting efficient management practices.