Question

Importance of private sector in indian economy 5 points

Answer 1

Increased quality of life

Increased access to essential items

Increased production opportunities

Lowered prices of essential items

Increased value of human capital

Improved social life of the middle class Indian

Decreased the percentage of people living below the poverty line in India

Changed the age old perception of poor agriculture based country to a rising manufacturing based country

Effected increased research and development activity and spending

Effected better higher education facilities especially in technical fields

Ensured fair competition amongst market players

Dissolved the concept of monopoly and thus neutralized market manipulation practices