Question

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

Answer 1

During the planning period, the public sector was given a leading role in industrial development because of the following reasons: Lack of capital: Private entrepreneurs lacked capital for setting industries as a huge amount was required

Answer 2

hey!

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•°☆Answer!°•☆

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

• 1.)Creation of a strong industrial base.

• 2.) Development of Infrastructure.

• 3.) Development of backward areas.

• 4.) To mobilise savings and earn foreign exchange.

• 5.) To prevent concentration of economic power.

• 6.) To promote equality of income and wealth distri-bution.

• 7.) To provide employment.

• 8.) to promote import substitution.

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•°☆hope help u!°•☆