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role of public sector |
| Answer» Roles of the public sector in India:(a) Promoting economic development at a rapid pace by filling gaps in the industrial structure.(b) Promoting adequate infrastructural facilities for the growth of the economy.(c) Undertaking economic activity in those strategically significant development areas, where private sector may distort the spirit of national objective.(d) Checking monopolies and concentration of power in the hands of few.(e) Promoting balanced regional development and diversifying natural resources and other infrastructural facilities in those less developed areas of the country.(f) Reducing the disparities in the distribution of income and wealth by bridging the gap between the rich and the poor.(g) Creating and enhancing sufficient employment opportunities in different sectors by making heavy investments. | |