Question : Which of these is not one of the reasons why the public sector played a dominant role in establishing the Industrial sector in India post-independence?
Option 1: Poor savings capacity of the public
Option 2: To avoid the generation of private profit
Option 3: Absence of a large enough market for output
Option 4: Lack of adequate capital with private industrialists
Correct Answer: To avoid the generation of private profit
Solution : The correct answer is To avoid the generation of private profit .
India is a socialist country. Post-independence, it was tough for our leaders because capitalists and communists were in full swing. But India chooses its way differently from the two described earlier by socialists.
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