Question

How does economic infrastructure affect economic growth?

Answer 1

Explanation:

A larger stock of infrastructure is thought to fuel economic growth by reducing the cost of production and transportation of goods and services; by increasing the productivity of input factors; and by creating indirect positive externalities.

Answer 2

Answer:

The infrastructure is important for faster economic growth and alleviation of poverty in the country. The adequate infrastructure in the form of road and railway transport system, ports, power, airports and their efficient working is also needed for integration of the Indian economy with other economies of the world.