Explain the role and significance of Pub | Class 11 Business Studies Chapter Private, Public and Global Enterprises, Private, Public and Global Enterprises NCERT Solutions

Question:

Explain the role and significance of Public Sector Enterprises in India.

Answer:

Public Sector Enterprises play a crucial role in India’s economic development by:
- Providing Employment: PSEs employ millions, directly and indirectly.
- Industrial Development: Establishing industries in backward regions to promote equality.
- Revenue Generation: Significant contributors to the government’s revenue through taxes and dividends.
- Infrastructure Growth: Development in transportation, energy, and communication sectors.
- Social Welfare: Focus on essential goods and services for the masses at affordable rates. Despite their benefits, PSEs face challenges like inefficiency and financial losses, requiring better management practices.

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Welcome to the NCERT Solutions for Class 11 Business Studies - Chapter . This page offers a step-by-step solution to the specific question from Extra Questions, Question 4: Explain the role and significance of Public Sector Enterprises in India.....

Explain the role and significance of Pub | Class 11 Business Studies Chapter Private, Public and Global Enterprises, Private, Public and Global Enterprises NCERT Solutions

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