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Questions
State two ways by which increase in public expenditure can promote growth in backward areas.
Explain how public expenditure can promote growth particularly in backward areas.
Answer in Brief
Solution
- The private sector is given various tax incentives like tax-holiday, tax concessions etc. to set up industries in the backward regions of the country.
- Government itself can make investment in setting up industries and providing infrastructural facilities in the backward regions.
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Role of Public Sector Enterprises
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