3. Introduction to Public Sector
Public sector The public sector is that portion of an
economic system that is controlled by national, state or
provincial, and local governments.
Examples include the manufacture, construction or
maintenance of aircraft, military hardware, electronic
and communications equipment, computers, roads,
freeways, bridges, parks and recreation areas.
What is public sector ?
6. Roles of Public Sector
Capital
Formation
Generation
of Income Employment
Infrastructure
Promotion
of India’s
Export
Strong
industrial
base
Economic
Growth
9. Introduction To Private Sector
The private sector is the segment of a national economy
that is owned, controlled, and managed by private
individuals or enterprises.
The most of private sector organization are run with the
intention of making profits.
The capitals are arranged by the owners.
What is Private Sector?
10. Types Of Private Sectors
Small and
mid-sized
Business
Partnership
Trade
Unions
Large
corporations
and
multinationals
Professional
and trade
associations
12. Roles Of Private Sector
Develop and maintain infrastructure and services
Industrial Development
Contribution To National Income
Major Earner Of Foreign Exchange
Agricultural Development
Trading and Productivity
13. Growth Of Private Sector
YEAR NO. OF PRIVATE SECTOR
COMPANIES
1957
1971
2010
2014
2016
19,283
30,461
8,19,580
9,36,045
10,87,256
1. Increased in the no. of private companies
14. 2. Increased in Employment:
Number of persons employed in private sector has
increased manifold
15. Factor income (in the form if rent, interest, profit and
wages) in the private sector has been consistently rising
Various large industrial houses have emerged in India in
private sector like Reliance, Tata Birla, Thapar, ITC, DLF,
Bajaj etc. has been increase in the assets of big industrial
houses in India.
3. Increase in factor income earned in the private
organized sector:
4. Growth of big business houses in private sector
16. In 1986-87, there were around 15lacs SME and in
2007-08, this increased to 133.6 lacs. Between this
period, production value of the small scale units
increased from 72,250 cr to 6,95.126 cr.
5. Growth of small- scale industries:
18. Conclusion
Both the public and private sector have a role to
play. For general business without externalities,
the private sector is likely to be more efficient
and better at job creation.