Question

Q21. Describe the importance of Public Sector and its contribution to the economic development of India​

Answer 1

Answer:

Here we detail about the following nine important roles played by public sector in Indian economy, i.e., (1) Generation of Income, (2) Capital Formation, (3) Employment, (4) Infrastructure, (5) Strong Industrial Base, (6) Export Promotion and Import Substitution, (7) Contribution to Central Exchequer, (8) Checking .

Explanation:

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Answer 2

Answer:

Here we detail about the following nine important roles played by public sector in Indian economy, i.e.,

(1) Generation of Income

(2) Capital Formation

(3) Employment

(4) Infrastructure

(5) Strong Industrial Base

(6) Export Promotion and Import Substitution

(7) Contribution to Central Exchequer

(8) Checking