question_answer

  Industrial development is a precondition for eradication of unemployment and poverty from our country. This was the main philosophy behind public sector industries and joint sector ventures in India. It was also aimed at bringing down regional  disparities by establishing industries in tribal and backward areas. Read the above passage and answer the following questions (a) What was the main philosophy of Public Sector? (b) What values do you learn from the above extract?

Answer:

                  (a) The main philosophy of Public Sector was the eradication of unemployment and poverty from our country through industrial development. (b) From the above passage, I have learnt that hard work, perseverance and better living standards can bring about better economic development.