Question

Explain the importance of Public sector in Indian Economy.

Answer 1

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Public sector in India has been playing a definite positive role in generation income in the economy. ... But thepublic sector is not playing a significant role in respect of mobilization of savings. Public sectoris playing an important role in generating employment in the country

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Answer 2

important roles played by public sector in Indian economy are as follows:

(1) Generation of Income

(2) Capital Formation

(3) Employment

(4) Infrastructure

(5) Strong Industrial Base

(6) Export Promotion and Import Substitution

(7) Contribution to Central Exchequer

(8) Checking Concentration of Income and Wealth

(9) Removal of Regional Disparities.

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