Industries of strategic and national importance are usually placed in the ________ sector.

Key Points

• Industries of strategic and national importance are usually placed in the public sector.
• These industries include sectors such as defense, atomic energy, and railways, where the government retains control to ensure national security and strategic interests.
• The public sector plays a crucial role in the economic development of a country by providing essential goods and services.

Additional Information

• The public sector refers to government-owned organizations and enterprises that operate for the welfare of the public and the nation.
• These industries are funded and managed by the government, and their primary objective is not profit but serving the public interest.
• Public sector undertakings (PSUs) often operate in key areas that require significant investment and are vital for the country's infrastructure and economic stability.
• In many countries, the public sector also plays a pivotal role in generating employment and contributing to the GDP.