conclusion on public sector in india
Answers
Answer:
public sector are known as and operated by government or village government but private sector
Answer:
In India, a public sector company is such a company in which the Union Government or a State Government, or any Territory Government owns a share of 51% or more. At present, only three sectors are left reserved for the government only, i.e. Railways, Atomic Energy, and Explosive Material.
Before India's independence, there were only a few public sector companies in the country, which include Indian Railways, Port Trusts, Posts and Telegraphs, All India Radio, and Ordinance Factory are some of the prime examples of the country's public sector. businesses. However, after the independence of India, the visionary leaders of the time planned some policies for the development of the socio-economic status of the country, where the public sector was used as a tool for the self-sustaining growth of the national economy.
This was the reason why the Second Five-Year Plan of India was based entirely on the development of various industries. Until the 1990s, major sectors of the economy were reserved only for the government, which caused a great loss of our precious natural resources and left the entire country in a major economic problem. From the First Five Year Plan till the 1980s, our country grew at an average rate of 3.5% per annum (Prof. Rajkrishna calls this the Hindu rate of growth).
But later, in July 1991, our new economic policy was launched under the leadership of Mr. Manmohan Singh and P.V. Narsimha Rao.
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