Explain the rationale of public sector enterprises in india
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Heya....
In starting Public sector played a major role in the economy ... He controlled all the resources because at that time ( 1946-1991).. In Our economy there was lack of investment and ability of private sector enterprises....
But after 1991...Public sector withdrawal it's direct control from economy and leads liberalisation so private sector gain it's emergance ..
Rationale of public sector....
But still it is Gaining more GDP growth with maximum social welfare...because the motive of private us to earn profit so it is the duty of public sector to sets welfare...
In starting Public sector played a major role in the economy ... He controlled all the resources because at that time ( 1946-1991).. In Our economy there was lack of investment and ability of private sector enterprises....
But after 1991...Public sector withdrawal it's direct control from economy and leads liberalisation so private sector gain it's emergance ..
Rationale of public sector....
But still it is Gaining more GDP growth with maximum social welfare...because the motive of private us to earn profit so it is the duty of public sector to sets welfare...
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