Why was public sector given a leading role in industrial development during the planning period?
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Public sector has been playing a very significant role in the development of industries in the following way:
- Creation of a strong industrial base.
- Development of Infrastructure.
- Development of backward areas.
- To mobilise savings and earn foreign exchange.
- To prevent concentration of economic power.
- To promote equality of income and wealth distribution.
- To provide employment.
- To promote import substitution.
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