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Feb 8, 2009

Role of private sector in India’s growth

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Thanks to economic reforms introduced in the early 1990s, which brought many changes to private sectors in India. The usage of phrase 'company' and 'corporate' has been common since the great economic reforms of 1990's.

The government of India has been trying various measures to boost the private sector. The growth of private sector brings growth to Indian economy. The investment scenario in India is quite different from the past (before 1990's).

The government now planning over the regulation over the FDI limits. Since the Private sector not only boost the economy but also affects the foreign reserves. The more and more investment from the foreign countries in India, will boost the economy. However, the fact can't be denied that the private participation is based on profit motive.

The contribution from the private sector to the economy can't be denied. The third sector of the economy 'service sector', has become one of the major sector. The growth of private sector gave boost the employment rate in India.

The private sector is considered as the best sector in order to promote the employment rate. The public sector however making profit in many cases. Since the economy is mixed economy, the contribution of the private sector is high in India.


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