Public and Private Sector | Economy Primer | Drishti IAS English

The public sector and the private sectors play a major role in deciding the growth of India’s economy.The public sector and the private sectors can be understood in the following section. The majority of the assets are owned by the Government sector, which is the segment of the economy responsible for providing various governmental services. There is no sole purpose for the public sector to make money, and governments raise funds through taxes and other means to cover the costs of their services.

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