Question

changing role of public sector in modern age​

Answer 1

Explanation:

When India gained independence in 1947, the economic condition of the country was very poor. There were hardly any public sector enterprises other than the Railways and the Postal Services. It was determined that going forward public sector would play a big hand in our economic development. And then again in the 1990’s the trend changed again. So let us take a more detailed look at the changing role of public sector.

Answer 2

Explanation:

The public sector would build up infrastructure for other sectors of the economy and invest in key areas. The private sector was unwilling to invest in projects which required heavy investment and had long gestation periods