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Public enterprises in India have grown as an important instrument of economic development, social justice, balanced regional growth, and national self-reliance. At the time of Independence, the country had a weak industrial base, inadequate infrastructure, shortage of private capital, and widespread poverty. The Government considered public enterprises essential for accelerating industrialization, creating employment, developing strategic industries, and reducing regional disparities. As a result, the public sector became a major component of India's planned economic development. The growth of _______ _____ _________ __________ ___ ____ ______ ______ ____.
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