International Journal of Social Science & Economic Research
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Title:
ROLE OF PUBLIC SECTOR IN INDIA IN EMPLOYMENT IN INDIA

Authors:
Ashish Kumar

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Ashish Kumar
Research Scholar, Deptt. of Economics, T. M. Bhagalpur University, Bhagalpur

MLA 8
Kumar, Ashish. "ROLE OF PUBLIC SECTOR IN INDIA IN EMPLOYMENT IN INDIA." Int. j. of Social Science and Economic Research, vol. 3, no. 12, Dec. 2018, pp. 6936-6945, ijsser.org/more2018.php?id=487. Accessed Dec. 2018.
APA
Kumar, A. (2018, December). ROLE OF PUBLIC SECTOR IN INDIA IN EMPLOYMENT IN INDIA. Int. j. of Social Science and Economic Research, 3(12), 6936-6945. Retrieved from ijsser.org/more2018.php?id=487
Chicago
Kumar, Ashish. "ROLE OF PUBLIC SECTOR IN INDIA IN EMPLOYMENT IN INDIA." Int. j. of Social Science and Economic Research 3, no. 12 (December 2018), 6936-6945. Accessed December, 2018. ijsser.org/more2018.php?id=487.

References
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Abstract:
Historically, public sector assume significant importance to India's economy, in both pre-and post-independence period. In the pre-independence era, the public sector was confined primarily to select sectors including railways, posts and telegraphs, port trust, ordnance factories, etc. The development of public sector enterprises was identified as a key driver for self-reliant economic growth in the absence of significant private capital. With the onset of economic reforms in 1991, the Government initiated a systemic shift to a more open economy with greater reliance on market forces and a larger role of the private sector including foreign investment.
Public sector has played a dominant role in generating employment in India. There are two important categories of public sector employment: (a) Government administration and defence and other government services like health, education, research and various activities to promote economic development; and (b) public sector proper. Compared to the private sector employment, there was rapid growth of employment in the public sector during the period 1961- 81, a relative slow down during 1981-91, and a declining trend since 1991.