“Any activity owned, controlled and managed by the government (Central, State and Local) comes under public sector.” Explain the objectives and scope of public sector in India.

Objectives and Scope of the Public Sector in India

The public sector in India plays a crucial role in the country's economic and social development. It encompasses enterprises owned, controlled, and managed by various levels of government: central, state, and local. The objectives and scope of the public sector in India are multifaceted, encompassing economic growth, social welfare, and strategic control over key industries. 

Objectives:

1. Economic Development: One of the primary objectives of the public sector in India is to promote economic development by investing in sectors that are crucial for infrastructure development, industrial growth, and technological advancement. Public sector enterprises (PSEs) often undertake projects and initiatives that may not be immediately profitable but are essential for ______ _________ ______ ____ ________.
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