Study the cartoon given below carefully and answer the questions that follow:

(i) Identify and name the person who is holding the balancing beam between the public sector and the private sector.
(ii) Why has a big tilt towards the public sector been shown in the cartoon?
(iii) How did the over-emphasis on public sector adversely affect the Indian economy?
(i) Pandit Jawaharlal Nehru
(ii) The big tilt towards public sector is shown because the important sector industries including heavy industries, agricultural sector were controlled by the state.
(iii) The state interventions alone in these key areas led to the rise of new group called middle class which enjoyed the benefit of high salary compared to the poor, and there was not much accountability on this class that led to the upsurge of corruption.
Couldn't generate an explanation.
Generated by AI. May contain inaccuracies — always verify with your textbook.
