The UNCTAD reported on the contributions of the private sector to global GDP recently. In this context, consider the following statements: The public sector debt constitutes a greater part of GDP than the private sector debt. The UNCTAD predicts that the private sector will enable the achievement of Sustainable Development Goals by Which of the above statements is/are true?

The correct answer is: C. Neither 1 nor 2 is correct.

The UNCTAD reported that the private sector contributed 60% of global GDP in 2020, while the public sector contributed 40%. The UNCTAD also predicted that the private sector will play a key role in achieving the Sustainable Development Goals (SDGs), but it did not say that the private sector will enable the achievement of the SDGs by itself.

The public sector plays an important role in providing essential services, such as education, healthcare, and infrastructure. The private sector, on the other hand, is more efficient at generating economic growth. In order to achieve the SDGs, it is important for the public and private sectors to work together.

The following are some of the ways in which the public and private sectors can work together to achieve the SDGs:

• The public sector can provide the necessary infrastructure and support for private sector investment.
• The private sector can help to create jobs and generate economic growth.
• The public and private sectors can work together to develop and implement policies that support the SDGs.

By working together, the public and private sectors can make a significant contribution to the achievement of the SDGs.