Hi friends, in today’s article we are going to know about role of infrastructure in economic development in India. So let’s discuss in details.
What is the Role of infrastructure in economic development?
Development of a country depends very much on the availability of infrastructural facilities. Without heaving a sound infrastructural base, a country cannot open up its developmental path.
The major role of infrastructure facilities on Indian economic development can be stated as follows –
• Development of Agriculture – Infrastructural development can play a great role for increase in rate of growth of agriculture sector. In the absence of such facilities, markets for agricultural commodity would have been restricted only to local areas of the country.
• Industrial Development – Development of industrial sector in India largely depend on infrastructural development of the country. It should be noted that expansion of infrastructural facilities has resulted not only in the development of large scale industries, but also in the development of medium and small scale industries.
• Development of trade Sector – A well developed network of infrastructure has resulted expansion of trade in India. The markets for fruits, fish, vegetables etc. have expanded due to expansion of infrastructural sector.
• Increase in social Welfare – The infrastructural facilities in India have contributed towards development of Indian society. It plays an important role for reducing the gap between villages, communities as well as various regions of the country.
• Employment Generation – The infrastructure system in It India is generating huge number of employment in the country. opens up a huge scope for employment as it can create a good number of man days of works.
Thus, infrastructural development is regarded a basic input for economic development in India.
So friends, this was the role of infrastructure in economic development in India. Hope you get the full details about it and hope you like this article.
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