Question

Why was public sector given a leading role in industrial development during the planning period?​

Answer 1

hey!

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•°☆Answer:-°•☆

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Public sector has been playing a very significant role in the development of industries in the following way:-

• (a) Creation of a strong industrial base.
• (a) Creation of a strong industrial base.(b) Development of Infrastructure.
• (a) Creation of a strong industrial base.(b) Development of Infrastructure.(c) Development of backward areas.
• (a) Creation of a strong industrial base.(b) Development of Infrastructure.(c) Development of backward areas.(d) To mobilise savings and earn foreign exchange.
• (a) Creation of a strong industrial base.(b) Development of Infrastructure.(c) Development of backward areas.(d) To mobilise savings and earn foreign exchange.(e) To prevent concentration of economic power.
• (a) Creation of a strong industrial base.(b) Development of Infrastructure.(c) Development of backward areas.(d) To mobilise savings and earn foreign exchange.(e) To prevent concentration of economic power.(f) To promote equality of income and wealth distri bution.
• bution.(g) To provide employment.
• bution.(g) To provide employment.(h) to promote import substitution.

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Answer 2

• Lack of Capital with the Private Enterpreneurs —Industrial development in India needed a big push. At the time of independence, the requirement of capital for diversified industrial growth far exceeded its availability with private enterpreneurs (Tata and Birla). Accordingly, it became essential for the state to.foster industrial growth through public sector undertakings.