What are the various objectives of Public Sector Undertakings?

Solution

Public Sector Undertakings were assigned a key role while formulating strategy for planning because of the following reasons:
(i) Growth of heavy capital goods industries.

(ii) Establishment of socialistic pattern of society.

(iii) Balanced regional growth.

(iv) It generates about 26 percent of national income produced in the country.

(v) The public sector provides jobs to 185 lakh persons.

(vi) Surplus earned by the public sector enterprises have become an important source of non-tax revenue of the government.

(vii) Public sector enterprises check the concentration of economic power.

Some More Questions From Indian Economy 1950-1990 Chapter

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Indian Economy 1950-1990

What are the various objectives of Public Sector Undertakings?

Some More Questions From Indian Economy 1950-1990 Chapter

Who floated the idea of planning in India first of all?

How many plans have been completed in India so far?

Define capitalist economy.

What is a socialist economy?

What is mixed economy?

What is meant by economic growth?

What structural change undergoes with development of the economy?

Name the sectors from which the GDP of a country is derived.

On which idea is the policy of 'land to tiller' is based?

Where is the provision for economic and social planning in our Constitution?

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