Question

"Public sector contributes to the economic development of India.' Justify the statement​

Answer 1

Answer:

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

Answer 2

Answer:

It relates to an economy’s continuous and sustainable development including a general improvement in the country’s overall quality of life. It refers to increase in individuals’ overall well-being and standard of living

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