Question

What are the importance of public sector in India

Answer 1

The public sector enterprises in theIndian economy are to play animportant role that needs no emphasis. They account for over 22 % of the country's GDP, around 6 % of the total employment in the organizedsector, and over 20 % of direct and indirect tax collections ( 2011–2012

Answer 2

India, being a mixed economy, has assigned a great importance on theprivate sector of the country for attaining rapid economic development. The Government has fixed a specificrole to the private sector in the field of industries, trade and services sector