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Kriti
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Asked: 2025-10-16T09:03:17+00:00 In:

Explain the difference between public and private sector of Indian economy with example.

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  • Public Sector: Owned and controlled by the government for public welfare. Example – Indian Railways, BHEL.

  • Private Sector: Owned and operated by individuals or companies for profit. Example – Tata Motors, Reliance Industries.
    Thus, the public sector focuses on service, while the private sector aims for profit.

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    1. In the public sector, enterprises are owned and controlled by the government to provide public welfare, such as Indian Railways and ONGC. The private sector is managed by private individuals or groups aiming for profit, like Reliance Industries or Infosys. Both contribute significantly to India’s economic growth and employment generation.

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