Answer:
The
Public sector contributes to the economic development of a nation by
(i) Improving Infrastructure Economic development depends upon the
creation of basic infrastructure such as power, transportation, communications irrigation,
education, etc. Public sector enterprises can arrange the large investment
necessities in this sectors.
(ii) Export Promotion A large number of public enterprises
have been set-up to promote India's exports.
(iii) Reduction in Regional Disparities The government sets-up
industries in underdeveloped regions to reduce and overcome regional
disparities in development.
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