Question

Public sector contributes to the economic development of India. Justify the statement.
.
.
.
I am from Delhi Anjali​

Answer 1

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

Answer 2

Public sector contributes to the economic development of a nation in the following ways:

• Public sector contributes to the economic development of a nation in the following ways: It develops the infrastructure requirement of nation like construction of roads, bridges, railway tracks, dams, etc.
• Public sector contributes to the economic development of a nation in the following ways: It develops the infrastructure requirement of nation like construction of roads, bridges, railway tracks, dams, etc. It provides huge amount of employment to the people of the nation and also job security to them.
• Public sector contributes to the economic development of a nation in the following ways: It develops the infrastructure requirement of nation like construction of roads, bridges, railway tracks, dams, etc. It provides huge amount of employment to the people of the nation and also job security to them. It provides secured environment to the people and industry by investing in defence, law and order, machinery etc.
• Public sector contributes to the economic development of a nation in the following ways: It develops the infrastructure requirement of nation like construction of roads, bridges, railway tracks, dams, etc. It provides huge amount of employment to the people of the nation and also job security to them. It provides secured environment to the people and industry by investing in defence, law and order, machinery etc. It provides revenue to the government which can be used for the development of social infrastructure like health, education, rural employment, subsidy for farmers, etc.

PLS THANK ME FOLLOW ME AND MARK ME AS