Question

Give two points of difference between a public sector and a private sector industry.

Answer 1

1. Public Sector Industries: These industries are owned and managed either by the Central Government or the State Government. They include public utility industries like railways, post and telegraph, oil refineries, heavy engineering industries, defence establishments, etc. The most significant of these are Bharat Heavy Electricals Limited (BHEL), Gas Authority of India Limited (GAIL), Indian Oil Corporation (IOC), Steel Authority of India Limited (SAIL), etc.
2. Private Sector Industries: These industries are owned and managed by an individual or group of individuals. They include industries like Reliance India Limited (RIL), Infosys, Wipro, etc.