Explain the role of public sector in the development of indian economy
Answers
Answer:
in the public sector the government owns most of the assets and provides all the services.
railways or post office is an eg of the public sector.
Explanation:
1.the government in India buys wheat and rice from farmers at a fair price.
this it stores in its godowns and sells at a lower price to consumers through ration shop.
in this way the government supports both farmers and consumers.
2. providing health and education facilities for all is one example.
3. running proper schools and providing quality education, particular elementary education is the duty of the government.
4. government also needs to pay attention to aspects of human development such as availability of safe drinking water, housing facilities for the poor and food and nutrition.
5. it is also the duty of the government to take care of the poorest and most ignored regions of the country through increased spending in such areas.