explain how public sector contibute to economic development of country in 3 mrks
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: public provides more income to government
: it also increases GDP of nation
: It provides employment opportunity to people
: it also increases GDP of nation
: It provides employment opportunity to people
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hii viewer here's ur answer
Here we detail about the following several important roles played by public sector in Indian economy. Generation of income, capital formation ,employment, infrastructure, strong industrial base, export promotion and import substitution, Removal of regional Disparities. Public sector in India has been playing a definite positive role in generation income in the economy. The share of public sector in net domestic product at current prices has increased. Public sector has playing in important role in gross domestic capital formation of the country. But the public sector is not playing a significant role in respect of mobilization of savings. Public sector is playing an important role in generating employment in the country. The public sector enterprises are contributing a good amount of resources to the central exchequer regularly in form of divided. From the very beginning industrial development in India was very much towards certain big port cities like Mumbai, Kolkata and Chennai
or .
The role of Public Sector in Indian Economy has been instrumental for Economic Growth of India since Independence. It started mainly with heavy industries and basic industries. Apart from providing vast employment opportunities and contributing to the GDP, it promoted capital formation and acted as the backbone of Indian Manufacturing Industry.
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Here we detail about the following several important roles played by public sector in Indian economy. Generation of income, capital formation ,employment, infrastructure, strong industrial base, export promotion and import substitution, Removal of regional Disparities. Public sector in India has been playing a definite positive role in generation income in the economy. The share of public sector in net domestic product at current prices has increased. Public sector has playing in important role in gross domestic capital formation of the country. But the public sector is not playing a significant role in respect of mobilization of savings. Public sector is playing an important role in generating employment in the country. The public sector enterprises are contributing a good amount of resources to the central exchequer regularly in form of divided. From the very beginning industrial development in India was very much towards certain big port cities like Mumbai, Kolkata and Chennai
or .
The role of Public Sector in Indian Economy has been instrumental for Economic Growth of India since Independence. It started mainly with heavy industries and basic industries. Apart from providing vast employment opportunities and contributing to the GDP, it promoted capital formation and acted as the backbone of Indian Manufacturing Industry.
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deepanshiagarwal:
Itna long 3 mrks m h ye
Thxx
haa
that's why second i kept na or
its for 3 mins
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