What is joint sector?

Answer 1

According to the guidelines laid by the Government of India, joint sector consists of those undertakings in which Government, private businessmen, and public own 26%, 25% and 49% of capital. In case of foreign participation and respective shares will be Government 25%, private businessmen 20%, foreign investment 20%, and public 35%

Answer 2

Joint sector industries are owned jointly by the government and private individuals who have contributed to the capital, but the day-to-day management is in private hands.