Q.12:- Why was public sector given a leading role in industrial development during the planning period?
Public sector has been playing a very significant role in the development of industries in the following way:
(a) Creation of a strong industrial base.
(b) Development of Infrastructure.
(c) Development of backward areas.
(d) To mobilise savings and earn foreign exchange.
(e) To prevent concentration of economic power.
(f) To promote equality of income and wealth distri-bution.
(g) To provide employment.
(h) to promote import substitution.