What is the role of government …

The public sector refers to all those occupations and economic activities which are owned and controlled by the government. The main aim is not only to earn profits but also to provide key services to the people at low costs.

• It plays a great role in generating income in an economy. It rapidly increased the share of in the contribution of gross domestic product.
• It creates more employment opportunities in government administrational activities, defence and other essential services. Secondly, employment generated in public sector enterprises, manufacturing industries, transport and communication.
• It strongly developed infrastructural facilities of an economy such as industries, power, education, transport, communication.
• It strengthen the industrial base of an economy such as steel, petroleum, coal, electrical, heavy engineering and fertilisers.
• It also contributed enormous growth in the promotion of exports.