Lok Sabha Question No. 2896 (UNSTARRED), answered on 2018-12-28
Subject: Performance of Private Sector Vs Public Sector
Ministry: FINANCE
Asked by: SADASHIV KISAN LOKHANDE

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS

## LOK SABHA

## UNSTARRED QUESTION NO. 2896 TO BE ANSWERED ON DECEMBER 28, 2018

## PERFORMANCE OF PRIVATE SECTOR VS PUBLIC SECTOR

† 2896. SHRI SADASHIV LOKHANDE:

Will the Minister of FINANCE be pleased to state:

- (a) the status of the country's development as on date;
- (b) whether this development is all round or one sided and if so, the details thereof;
- (c) whether the rising cases of rural suicides are indicative of an one sided development there and if so, the details thereof; and
- (d) whether the all round development is due to the better performance of the domestic private sector whereas the public sector, with some exceptions has failed everywhere due to immense corruption and inefficiency and if so, the details thereof?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PON RADHAKRISHNAN)

(a) & (b) There has been significant improvement in development indicators of the economy, such as growth  in  per  capita  income  levels,  improvement  in  education  levels  and  health  related  indicators such as life expectancy, infant mortality rate, maternal mortality rate etc. due to increasing penetration of  Government  welfare  services  across  the  country  coupled  with  mission  mode  sanitation  drives, improved  immunisation  and  implementation  of  various  schemes.  As  per  the  data  available  from Central Statistics Office (CSO), India's per capita income (per capita net national income at current prices)  has  increased  from  Rs.25,987/-  in  2004-05  to  Rs.63,462/-  in  2011-12  and  Rs.1,12,835/-  in 2017-18. Overall literacy rate has gone up from 64.8 per cent in 2001 to 74 per cent in 2011. The Life Expectancy at birth has increased from 60.3 years in 1991-95 to 68.7 years in 2012-16.

- (c)  &  (d)  As  per  the  latest  available  'Accidental  Deaths  and  Suicides  in  India'  report  published  by National Crime Records Bureau (NCRB), the number of suicides by farmers and agricultural labourers in the country was 12602 in 2015. The Reports for the year 2016 onwards have not been published yet.

The primary objective of the Government is development of all segments of population of the country. In order to achieve this, the Government has been undertaking various targeted interventions in the area of health, education, employment, housing, poverty alleviation, social empowerment etc. These inter-alia include Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), Pradhan Mantri  Awas  Yojana,  Deen  Dayal  Antyodaya  Yojana  -  National  Rural  Livelihoods  Mission  (DAYNRLM), Deen Dayal Antyodaya Yojana - National Urban Livelihoods Mission (DAY-NULM), National Social  Assistance  Programme  (NSAP),  Ayushman  Bharat,  Pradhan  Mantri  Jan  Arogya  Yojana (PMJAY),  Targeted  Public  Distribution  System  (TPDS)/National  Food  Security  Act  (NFSA),  Deen Dayal  Upadhyaya  Grameen  Kaushal  Yojana  (DDU-GKY),  Pradhan  Mantri  Suraksha  Bima  Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Yojana (PMJJY), Atal Pension Yojana (APY), Pradhan Mantri Mudra  Yojana  (PMMY).  Further,  government  had  launched  Pradhan  Mantri  Jan-Dhan  Yojana (PMJDY), a massive programme for financial inclusion which has around 33.6 crore beneficiaries so far.  Government  has  a  continuous  endeavour  towards  better  targeting  of  the  schemes  through leveraging technology, like use of Direct Benefit Transfers for various schemes which has helped in achieving efficient delivery system of public services. These interventions are expected to yield better results over time for balanced and all round development.

******