Assertion: After independence, the state helped the private sector to make a profit.
Reason: The state intervened only in those areas where the private sector was not prepared to go.
Answer & explanation
Correct answer: option 1
Then there were critics who thought that the state did not do enough. They pointed out that the state did not spend any significant amount for public education and healthcare. The state intervened only in those areas where the private sector was not prepared to go. Thus the state helped the private sector to make a profit