explain the role of railways in the development of a country
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Railways were the most important infrastructure development in India from 1850 to 1947. In terms of the economy, railways played a major role in integrating markets and increasing trade. ... As the twentieth century progressed, railways became a force for independence and democracy.
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Answer:Railways were the most important infrastructure development in India from 1850 to 1947. In terms of the economy, railways played a major role in integrating markets and increasing trade. ... We argue that guarantees weakened incentives to lower costs, but they also encouraged rapid railway development.
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