Describe the role of public sector in the economic development of the country

Sectors of Indian Economy (10)

Describe the role of public sector in the economic development of the country

Answer

ROLE OF PUBLIC SECTOR IN THE ECONOMIC DEVELOPMENT

  1. The private sector may not continue their production or business unless government encourages it through subsidies.
  2. the government supports both farmers and consumers.
  3. Providing health and education facilities for all is one example. Running proper schools and providing quality education, particularly elementary education, is the duty of the government.
  4. Government also needs to pay attention to aspects of human development such as availability of safe drinking water, housing facilities for the poor and food and nutrition.
  5. It is also the duty of the government to take care of the poorest and most ignored regions of the country through increased spending.
Exam Year: 2020 Compartment