there is an argument that industries, which are not strategic in nature, should not continue to be in the public sector. what is your view?
Prangya,
As there was a limited role of public sector in the industrial development. Public sector operated in some of the key areas such as railways, power generation, development of ports and mass communication. Public sector investment motive is not to earn profit but to increase the welfare of the people. Public sector generally invests in those industries where there is long gestation period and a large amount of capital is required because private sectors are least interested in investing these kind of industries. So, as per my point of view, the industries which are not strategic in nature or which are not considered important should not continue to be in the public sector.
We would advice you to not to keep on piling your questions, rather, you should keep posting 1 to 2 questions per subject (Accountancy, Economics and Business Studies) on everyday basis. Ideally, you should go through the study material that is available on our website and look for the answers to the questions. This will not only help you to enhance your analytical abilities but also will help you to learn the application of your knowledge. In this manner, you will gain confidence and will help you in evaluating your preparation.
As there was a limited role of public sector in the industrial development. Public sector operated in some of the key areas such as railways, power generation, development of ports and mass communication. Public sector investment motive is not to earn profit but to increase the welfare of the people. Public sector generally invests in those industries where there is long gestation period and a large amount of capital is required because private sectors are least interested in investing these kind of industries. So, as per my point of view, the industries which are not strategic in nature or which are not considered important should not continue to be in the public sector.
We would advice you to not to keep on piling your questions, rather, you should keep posting 1 to 2 questions per subject (Accountancy, Economics and Business Studies) on everyday basis. Ideally, you should go through the study material that is available on our website and look for the answers to the questions. This will not only help you to enhance your analytical abilities but also will help you to learn the application of your knowledge. In this manner, you will gain confidence and will help you in evaluating your preparation.