Question

why public sector is important ​

Answer 1

HEY ❤️ ❤️ ❤️

❤️ The public sector has a key role to play in enhancing the local jobs supply and it is likely that public sector employers, including local authorities and the health service, can provide a range of jobs which are both realistic and appealing destinations for priority clients.

❤️ Public sector undertakings (PSUs) are considered to be vital and crucial pillars for strengthening country's economy.

❤️ The prime purpose of starting public sector enterprises was to fabricate infrastructure for economic growth and economic development.

❤️ Improving the financial performance of PSUs

Answer 2

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Public sector undertakings (PSUs) are considered to be vital and crucial pillars for strengthening country’s economy. The prime purpose of starting public sector enterprises was to fabricate infrastructure for economic growth and economic development. Since their birth PSUs have played an essential role in achieving the goal of economic development. Various h to adopt a radically new approach towards the working of PSUs. The policy measure implemented involved Disinvestment of public sector undertakings (PSUs) .During the regime of P.V Narasimha Rao, entire new economic policy of Liberalisation, Privatisation, and Globalisation (LPG) was introduced in India in the year 1991.Dr Manmohan Singh was the finance minister who successfully implemented the policy of Liberalisation, Privatisation, Globalisation (LPG) into India. The goal of Disinvestment policy was as follows:

Improving the financial performance of PSUs.

Generating resources to reduce the fiscal deficit.

Promoting extensive public participation (including employees)..

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