Importance of public sectors on indian economy
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The role of Public Sector inIndian Economy has been instrumental for EconomicGrowth of India since Independence. ... Apart from providing vast employment opportunities and contributing to the GDP, it promoted capital formation and acted as the backbone of IndianManufacturing Industry.
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Public sector has played a very big role in the economy of India.Public sector is always on the side of the government, they get funds from the government and operate under instructions given by the government.The public sector is found to very important because;It encourages economic development,this need a lot of capital because it deals more with industries.Balances on regional development,create employment,improve infrastructure.
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