The document discusses the private sector in India. It defines the private sector as organizations owned, managed, and controlled by private individuals or institutions, with profit maximization as the main goal. It notes that since 1991 economic reforms, the role of the private sector has increased significantly. Specifically, it outlines the growth of the private sector in terms of increasing companies and employment. It also discusses the government's role in supporting private sector growth through financial assistance, reducing licensing restrictions, and infrastructure development. Finally, it notes that the new economic policy of 1991 further aimed to increase privatization and liberalization to create a more competitive market environment.