PUBLIC ENTERPRISES: THEIR ROLE, IMPORTANCE AND NEED IN ECONOMIC DEVELOPMENT

Abstract

The economic development of a country is impossible in the absence of infra-structure facilities. No private entrepreneur has ever afforded to build an infra-structure facilities and it is not a part of the philosophy of the private enterprises to undertake an economic activity just because it is good for the nation. This small study presents the historical back ground of growth and development of Public Enterprises in India and show how they contributed in the world’s biggest economy