Question

Reliance on public sector enterprises in five year plans was a tactical mistake.

Answer 1

Answer:

The above statement is true.

Explanation:

The public sector made a remarkable contribution by creating a strong industrial base, development of infrastructure and also promoting development of backward areas.

• However, public sector continued to monopolise in some areas, that too ineffectively, which could be handled well by the Private sector such as Hotel industry, Telecommunication, Aircrafts, etc
• Many Public sector enterprises continued to operate, even after incurring heavy losses, due to difficulty in closing a Government undertaking.

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