In-spite of huge progress of the public sector during the plan period, the importance of private sector is tremendous in the india economy on the basis of the latest. Since 1948, when for the first time the importance of the public sector in the indian economy was recognized, the public sector has experienced a phenomenal growth. Essay on “role of public sector in the indian economy” complete essay for class 10, class 12 and graduation and other classes. Carlos kelly from palm coast was looking for role of public sector in indian economy essay jeremiah holmes found the answer to a search query role of public sector.
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Although india is an agro-based economy, but lot of emphasis has been given on the development of industries (both consumer goods and capital goods), service sector (including construction, trade, commerce, banking system etc) and socio-economic infrastructure (like education, health, housing power, energy, transport.
Most of public sectors running with the moto of no profit and no loss ideology (vii) economic growth: prof hirsahman’s doctrine of unbalanced growth and prof nurkse balanced growth require huge amount of investment for the economic growth of the country public sector plays a key role to achieve a sustainable economic development. In india, a public sector company is that company in which the public sectors in indian economy: the role of public sector in collecting saving and investing.