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Private and Public Sector in India.

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Presentation on theme: "Private and Public Sector in India."— Presentation transcript:

1 Private and Public Sector in India.
Unit 3 Private and Public Sector in India.

2 Public Sector The sector, which is engaged in the activities of providing government goods and services to the general public is Public Sector. The enterprises, agencies, and bodies are fully owned, controlled and run by the Government whether it is central government, statement government or a local government.

3 Public Sector

4 Roles Played by Public Sector in Indian Economy
Generation of Income Capital Formation Employment Infrastructure Strong Industrial base Export Promotion and Import Substitution Contribution to Central Exchequer Checking Concentration of Income and Wealth Removal of Regional Disparities

5 Private Sector The segment of a national economy that is owned, controlled and managed by private individuals or enterprises is known as Private Sector. The private sector companies are divided on the basis of sizes like small & medium enterprises and large enterprises which are either privately or publicly traded organizations. They can be created in two ways, i.e. either by the formation of a new enterprise or by the privatization of any Public Sector Enterprise.

6 Private Sector

7 Role of Private Sector in the Economic Development of India
Most Important Sector Employment Generation Helpful for Development Contribution to Agriculture Contribution to Industry High Potentiality

8 Difference between Public and Private Sector
Basis for Comparison Public Sector Private Sector Meaning The section of a nation's economy, which is under the control of government, whether it is central, state or local, is known as the Public Sector. The section of a nation's economy, which owned and controlled by private individuals or companies is known as Private Sector. Basic objective To serve the citizens of the country. Earning Profit Raises money from Public Revenue like tax, duty, penalty etc. Issuing shares and debentures or by taking loan Areas Police, Army, Mining, Health, Manufacturing, Electricity, Education, Transport, Telecommunication, Agriculture, Banking, Insurance, etc. Finance, Information Technology, Mining, Transport, Education, Telecommunication, Manufacturing, Banking, Construction, Pharmaceuticals etc. Benefits of working Job security, Retirement benefits, Allowances, Perquisites etc. Good salary package, Competitive environment, Incentives etc. Basis of Promotion Seniority Merit Job Stability Yes No


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