With reference to the functions of Public Sector in India, which of the following statements is/are correct?

I. To provide public utility resources
II. To build social and economic overhead capital
III. To ensure balanced regional and sectoral growth
IV. To pursue egalitarian goals

Select the correct answer using the codes given below:

Explanation

All the statements accurately describe the functions of the public sector in India:

1) Providing public utility resources: The public sector is involved in providing essential services such as electricity, water supply, and transportation to ensure public welfare.

2) Building social and economic overhead capital: The public sector plays a crucial role in developing infrastructure, which includes roads, railways, ports, and other facilities necessary for economic growth.

3) Ensuring balanced regional and sectoral growth: The public sector undertakes investments in underdeveloped regions to reduce regional imbalances and promote equitable growth across different sectors.

4) Pursuing egalitarian goals: The public sector focuses on reducing economic disparities, providing employment opportunities, and ensuring social justice by contributing to inclusive growth.