Chapter 34: The Private Sector | 437 |
and the period thereafter witnessed investments in manufacturing,
infrastructure, agriculture products sectors and most importantly
in information technology and telecommunication. The most
signifi cant and noteworthy fact about the private sector is that
though the overall pace of its development is relatively slower than
the public sector, still the investment of private sector in the recent
past has been very signifi cant. Certain steps taken by the Indian
government have acted as the catalysts for the private sector’s
continued journey to success.
COMPARATIVE PERFORMANCE OF THE PUBLIC
AND THE PRIVATE SECTORS
The growth rate of GDP originating in the public sector has always
been higher than the growth ...