Question

How far it is correct to say that public sector contribute to the national income is high.

Answer 1

• Not very true. Public sector contribution in India is very low
• The public sector companies, such as ECIL, BSNL and SBI are unable to compete with private sector firms, as the public sector firms usually have employees where corruption has been deeply rooted in the hierarchy.
• Hence, their contribution and existence is necessary for public welfare, but is not essentially the backbone of the economy.