Why could the private sector not be relied on to build heavy industry in the 1950s?

Private firms were forbidden by the ConstitutionCorrect answerYour answerHeavy industry needed no investment at allCorrect answerYour answerForeign firms had already built all of India's heavy industryCorrect answerYour answerIndustrialists lacked capital and the market was smallCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer D

Correct answer: D

Heavy industry needs huge investment with a long wait for returns.
Indian industrialists did not have the capital, and the market was not big enough to encourage them to take the risk.

Concept: Role of the public sector
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The rule this testsRole of the public sector

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Why could the private sector not be relied on to build heavy industry in the 1950s?

Explanation