Answer:
Rapid
industrialisation of a developing country like India depends upon the presence
of and creation of more basic infrastructure such as power, transportation,
communications, irrigation, education, technical training, etc. Most of the
Public sector enterprises were set-up in these industries.
The growth of the Public sector in the field of iron and steel, petroleum
and natural gas, coal, heavy engineering, heavy electrical machinery, etc has created
a strong industrial base. Some public enterprises like STC and MMTC have
contributed to export products from India substantially.
To reduce regional disparities in industrial development,
Public sector industries have been set-up in undeveloped and underdeveloped
regions of the country. All these activities contribute to the economic development
of India.
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