Role of Public Sector in the Growth of Indian Economy

Abstract

The role of the public sector in the economic growth of India is extremely important. The Government of India has leveraged the public sector enterprises to attain favourite socio-economic purposes. Revenues concluded by initiatives are utilized towards funding the economic progress of the country. Therefore, the determination for which business in a public sector is set up is mainly for the wellbeing of both the workers and the society. Later, the demonstration of the public sector enterprises cannot be evaluated about the morals used to judge the presentation of private sector enterprises. The elementary change between private and public proprietorship is the change in objectives, welfare expansion by the public sector, and profit expansion by the private sector. From now, fashioned on the thoughtful role played by these enterprises, time and over there is a need to appreciate the status of the public sector enterprises in the country. Consequently, the paper determinations to present a portrait of the public sector enterprises in India created on the secondary literature accessible. Diverse questions related to the presentation of the public sector enterprises are debited on the background of their involvement in The Indian Economy. The paper aids in producing an understanding of the role played by Public Sector Enterprises in the economic progress of the country.