Question

explain the changing role of public sector ​

Answer 1

${\huge {\underline {\purple {\mathbb{ANSWER}}}}}$

As we know that in 1991 India opened up its economy and started the process of globalization. But also, through the same changes in economic policies, we embraced privatization. So the central and state governments relied on public enterprises to provide thee services to the economy.

Answer 2

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.