Question

what is the importance of public sector in economical development​

Answer 1

Answer:

Please mark me as a brainst answer

Explanation:

Public sector programs are also implemented by public enterprises. They are important for planned development of the country. Infrastructure consists of transport, communication, power, irrigation, drinking water and buildings. They require huge investment and long period is required to complete them

Answer 2

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

(9) Removal of Regional Disparities.