Question

What was the role of the public sector in India's industrial development from 1947 to 1991?

• A. To promote private investment
• B. To support small-scale industries
• C. To focus on export-oriented industries
• D. To dominate key industries and infrastructure

Answer 1

Answer:

D. To dominate key industries and infrastructure

The role of the public sector in India's industrial development from 1947 to 1991 was to dominate key industries and infrastructure. Industrialisation refers to the process wherein an economy transitions from primarily agrarian to one dominated by industry and manufacturing. This transition involves a substantial shift in the country's economic activities with significant changes in technology, productivity, income levels, and societal structure. At the heart of Industrialisation is the large-scale production of goods using mechanized means, replacing manual and traditional methods.