Business by the Government

Some scholar in ancient times had told-'Doing business is not business of the Government. Government should work only for the good of public and regulate the state.'

In present scenario it has several meanigs which can be opposed by the public. First, business should be given only to the private sector..It results in to capitalism like in US and easily not acceptable in India where socialism is always a demand. Further, it may result in to high prices, monopoly, consumer exploitation and less revenue to the Government.

Presently, Govenment is also operating business through Public Sector Undertakings and PPPs with proper care by consituting regulatory bodies. Obvously it gives revenues to the Government so as to meet the expenditure, form and implement the plans, create ample of job opportunities, upgrading living standard of people, decentralisation of money.

Concluding, there is nothing wrong in business by the Government. Though a well balance should be maintained between public and private sector in the growing Indian Economy.