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Why India has given importance to the public sector? - Economic Applications

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Question

Why India has given importance to the public sector?

Very Short Answer
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Solution

In India, public sector is given importance because it:

  1. Develops infrastructures.
  2. Provides support to some activities, like subsidised electricity to many units.
  3. Provides basic facilities like health and education.
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Chapter 9: Other Sectors of Indian Economy - QUESTION BANK [Page 116]

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J. P. Goel and Kaushal Goel Economic Applications [English] Class 9 ICSE
Chapter 9 Other Sectors of Indian Economy
QUESTION BANK | Q 3. | Page 116
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