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  • ‘Public sector contributes to the economic development of India.’ Justify the statement.

‘Public sector contributes to the economic development of India.’ Justify the statement.

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(i) It promotes rapid economic development through creation and expansion of infrastructure.
(ii) It creates employment opportunities.
(iii) It generates financial resources for development.
(iv) It is ensuring equality of income, wealth and thus, a balanced regional development.
(v) It encourages development of small, medium and cottage industries.

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Deependra Verma

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