Do you think it is relevant for the government to go into production of goods and services ? Validate the views?
Answers
Answer:
Actually, I don't.
Instead Indian Government should focus iupon Capitalism Based Economy, I mean they Give Investment, and Huge Loans with less interest rates to trusted Organisations, and in exchange Government will be earning more than they've given, I mean they'll later tax the people who would be employed by that company with Government Investment or Loan, then The Company is Making Profit means more tax, and Eventually Low Interest and Investment will Pay government 2x the money they invested.
Answer:
To some extent, its is relevent for government to perform production function as governments also own public enterprises which provide them revenue. But it's not appropriate to let them cover the market and be the only producer because public who own their private enterprises need some income for survival.