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Explain any four ways by which Public Sector Enterprises play a dominant role in an economy. |
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Answer» Role of Public Sector Enterprises in the development of economy are : (i) By building economic overheads e.g. roads, railways, powers etc., it increased the productive capacity of an economy. (ii) Public sector is playing an important role in generating employment in the country by giving employment in government administration, defence and other government services. (iii) Public sector investment on infrastructure sector like power, transportation, communication, basic and heavy industries, irrigation, education and technical training etc. has paved the way for agricultural and industrial development of the country leading to the overall development of the economy as a whole. (iv) Public sector enterprises have been contributing a lot for the promotion of India’s exports. (v) Another important role of the public sector is that it has successfully build the strong industrial base in the country. |
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