Though public sector is very essential for industries, many public sector undertakings incur huge losses and cost a drain on the economy's resources. Discuss the usefulness of public sector undertakings in the light of this fact

[prasanna]

It is a fact that the main objective of public sector undertaking is not to earn profit but to increase the national welfare. Therefore, public sector undertaking must be evaluated on the basis of public welfare but not on the basis of profits.