Why has the government taken up the responsibility

CBSE Class 10 CBSE Class 10 Social Science
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1

Why has the government taken up the responsibility of public sector activities in a country like India? Explain any three reasons.

2

There are various reasons due to.which government has taken up the responsibility of public sector.
Three reasons with example of public sector activities are
(i) Railways :Only the government can invest large sums of money on projects with a long gestation ’ period.
(ii) All India Institute of Medical Sciences (AIIMS): It provides quality health services at economical rates.
(iii) National Thermal Power Corporation (NTPC): To provide electricity at a lower cost rate was the main objective of the government, to protect and encourage the small scale industries also included in purpose.