Question

Role of public sector undertakings in india

Answer 1

As agriculture is the backbone of Indian economy, Public Sector Banks (PSBs) play a crucial role in pushing the agricultural economy on to the progressive pathway and helping develop rural India. Moreover, PSUs play a substantial role in the rural development by providing basic infrastructural services to citizens.

Answer 2

$\Huge \bf{\blue{Answer}}$

$\Huge\green{{\mathcal{ EXPLAINATION :-}}}$

♣ Public Sector undertakings were assigned a key role while formatting strategy for planning because of the following reasons:

➽ Growth of heavy capital goods industries

➽ Establishment of socialistic pattern of society

➽ Balanced regional growth .

➽ If generates about 26 Percent of national income produced by the country

➽ The public sector provides jobs 185 Lakh persons .

➽ Surplus earned by the public sector enterprises have become an important source of non tax revenue of the government .

➽ Public sector enterprises check the concentration of economic power .