A question about economic polices in India in 1984, for probabale cause of the Bhopal disaster

To : Union Carbide Ltd

Dear Sirs,

I am a Indian entrepreneur based in Chennai,India
and very much intersted in economic polices
and free enterprise system.

Until 1991 India was in the vice like grip of
socialistic economic polices intiated by
Congress party from 1952. Free enterprise was
throttled and excessive goverment controls and
regulations strangeled our economy and corrupted
our system.

There was (and still is) no proper exit policy
for loss making and failed industries. And labour
laws are still rigid.

I am trying to research about such aspects.
There is very little data available about the
business profits and losses of Union Carbide India
Ltd and its Bhopal plant. Declining sales and
profits were reported. Was the plant under
utilised ? Suppose if exit and labour policy
in India were similar to USA in 1984, could the
tragedy been prevented ? Was UCIL unable to close
or sell its assets or wind up its unviable
operations in India due to legal and economic
polices followed in 1980s ?

Was the Bhopal plant making losses and unviable,
but forced to operate due to polices of government ?
Was UCIL prevented from closing or liquaditing
or selling its assets by socialistic polices of
govt of India at that time (before 1984) ?

Fertiliser policy is still a muddle and has resulted
in making many govt and private units sick.

Can you please send a detailed answer to my above
queries ?

Thanks & Regards

K.R.Athiyaman