Which of the following was/ were the factors that
necessitated the direct participation of the state in
industrial development of the country?
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factors that leads to direct participation of state
1. lack of capital :-> it was the major reason that hardly two industries were there named tata and birla and the requirement of the finance is beyond the capacity of both the industries
2. low inducement to invest :-> the private entrepreneur did not induced to invest owing to limited size of the market it is because of low level of demand which is not created by the households due of low level of income
3. objective of growth with social justice :-. the government needed that type of investment which lays down the emphasis on employment opportunities and it could only be achieved through state participation
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