Role of public sector in indian economy essay

Women in India now participate in areas such as education, sports, politics, media, art and culture, service sector and science and technology.

Women Empowerment: Article, Essay, Importance, Right & Need

The State, consequently, participated in the industrial growth of the less developed areas by setting up public enterprises. The development of private sector industries is also solely depending on these industries. This is shown in the table 2. The number of such ancillary units was in and the number rose to in with purchases from them increasing from Rs.

It has tremendously boosted the technological capabilities. Expenditure on research and development reduces the cost of production. After the attainment of independence and the advent of Planning, there has been a progressive expansion in the scope of the Public Sector.

It has vastly contributed in the fields such as nuclear or steel technology, aeronautics, defense materials, ship-building and so on. In this respect the public sector is playing a crucial role. Gender equality implies a society in which women and men enjoy the same opportunities, outcomes, rights and obligations in all spheres of life.

Normally the private sector cannot be induced to start industries in the backward areas.

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In this respect the public sector is playing a crucial role. Lakdawala is of the view that the public sector should now enter the fields of distribution and rural development as well. But later on the injuly our new economic policy was launched under the leadership of Mr.

Preventing private monopolies and concentration of economic power is the avowed objective of our economic policy. Retrieved 16 November from https: Women were denied the right to education and widow remarriage.

India is an agro based economy. Role of Public Sector enterprises in India We may enumerate below the various arguments put forth in support of the public sector in India.

Groundwater practices have fallen dramatically.

Green Revolution in India

Out of these, were in operation and 28 were under construction. That is why government is on the spree of privatization of these enterprises. The average rate of growth of investment in State level enterprises during period was of the order of 20 percent per annum.In Indian mixed economic system; the growth process has been accelerated by the investment in the public sector.

The contribution of the public sector in the generation of net domestic product has consistently been increasing. (6) Share in Employment Generation: Full employment is the most cherished goal of the economic policy of the government. ADVERTISEMENTS: India is a capitalistic biased mixed economy.

Role of Private Sector in the Economic Development of India

It is needless to say, what important role private sector plays for the economic development of the country. Contributions of Private Sector are Listed Below: 1. Most Important Sector: ADVERTISEMENTS: In-spite of huge progress of the public sector during the plan period, the importance of private sector [ ].

Article shared by. Sincewhen for the first time the importance of the public sector in the Indian economy was recognized, the public sector has experienced a phenomenal growth both in terms of number and volume of investment.

In Indian mixed economic system; the growth process has been accelerated by the investment in the public sector. The contribution of the public sector in the generation of net domestic product has consistently been increasing.

(6) Share in Employment Generation: Full employment is the most cherished goal of the economic policy of the government. For much of East Asia's history, China was the largest and most advanced economy in the region and globally as a whole.

During the first half of the Middle Ages, China was the most developed state in East Asia. The history of trade in East Asia was largely shaped by the history of trade within Ancient China.

Article shared by. Sincewhen for the first time the importance of the public sector in the Indian economy was recognized, the public sector has experienced a phenomenal growth both in terms of number and volume of investment.

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Role of public sector in indian economy essay
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