public sector contributes to the economic development in India development of India justify the statement
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Answers
Answer:
(i) It promotes rapid economic development through creation and expansion of infrastructure.
(ii) It creates employment opportunities.
(iii) It generates financial resources for development.
(iv) It is ensuring equality of income, wealth and thus, a balanced regional development.
(v) It encourages development of small, medium and cottage industries.
(vi) It ensures easy availability of goods at moderate rates.
(vii)Contributes to community development, Human Development Index i.e. health and educational services. Read more on Sarthaks.com - https://www.sarthaks.com/972423/public-sector-contributes-to-the-economic-development-of-india-justify-the-statement
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Answer:
(i) It promotes rapid economic development through creation and expression of infrastructure. (ii) It creates employment opportunities. (iii) It generates financial resources for development. ... (iv) Contributes to community development i.e., to the Human Development Index (HDI) via health and educational services.