Though public sector is very essential for industries; many public-sector undertakings incur huge losses and are a drain on the economy’s resources. Discuss the usefulness of public sector undertakings in the light of this fact.

Question

Philoid · Accepted Answer

Public sector undertakings are useful because

a) They create strong industrial base

b) They prevent concentration of economic power

c) They help in employment generation

d) They help in import substitution

e) The help in removing regional imbalance and play major role in development of backward areas

f) They help in the development of the infrastructure