Question

role of the public sector

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 Concentration of Income and Wealth, and

(9) Removal of Regional Disparities.

Explanation:

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Answer 2

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'' Role of public sector ''

Explanation:

Basically, public sector is responsible for the public welfare as a whole...

Although it has many objectives as mentioned below.. ⬇️

The major objective is to furnish facilities for common public development nad growth.

Public sector investment on infrastructure sector like power, transportation, communication, basic and heavy industries, irrigation, education and technical training etc. has paved the way for agricultural and industrial development of the country leading to the overall development of the economy as a whole.

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