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