PathSet Publications
Infrastructure: Essential for Economic Development
- Infrastructure acts as a support system. It directly influences all economic activities by increasing the productivity of the factors of production and improving the quality of life.
- In the last six decades, India has made considerable progress in building its infrastructure. However, its distribution has been uneven, in terms of the rural-urban divide.
- Many parts of rural India are yet to get good roads, telecommunication facilities, electricity, schools and hospitals.
- As India is moving towards modernization, there is an increasing demand for quality infrastructure.
- After the economic reforms of 1991, various concessions and incentives are provided to the private sector and foreign investors in order to attract them for investing in infrastructural Facilities.
