Question

14. Why was the public sector given a leading role in industrial development during planning period?

Answer 1

$\huge\mathcal{Answer:-}$

$\huge\bf\pink{\mid{\overline{\underline{EXPLAINATION :-}}}\mid}$

➜ At the time of independence, Indian industrialists did not have the capital to undertake investment in industrial Ventures required for the development of our economy .

➜ Nor was the market big enough to encourage Industrialist to undertake major projects even if they had the capital to do so .

➜ It is principally for these reasons that the state had to play an extensive role in promoting the industrial sector .

➜ In addition,the decision to develop the Indian economy on socialist lines led to the policy of the state controlling the commanding heights of the economy .

Answer 2

Answer:

Answer:−

\huge\bf\pink{\mid{\overline{\underline{EXPLAINATION :-}}}\mid}∣

EXPLAINATION:−

∣

➜ At the time of independence, Indian industrialists did not have the capital to undertake investment in industrial Ventures required for the development of our economy .

➜ Nor was the market big enough to encourage Industrialist to undertake major projects even if they had the capital to do so .

➜ It is principally for these reasons that the state had to play an extensive role in promoting the industrial sector .

➜ In addition,the decision to develop the Indian economy on socialist lines led to the policy of the state controlling the commanding heights of the economy .