Question

ᴡʀɪᴛᴇ ᴀ ɪɴᴛʀᴏᴅᴜᴄᴛɪᴏɴ ᴛᴏ ɪɴғʀᴀsᴛʀᴜᴄᴛᴜʀᴇ ᴏғ ᴛʜᴇ ɪɴᴅɪᴀɴ ᴇᴄᴏɴᴏᴍʏ​

Answer 1

ᗩᑎՏᗯᗴᖇ

ᴀɢʀɪᴄᴜʟᴛᴜʀᴀʟ ᴀɴᴅ ɪɴᴅᴜsᴛʀɪᴀʟ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ, ғᴏʀ ɪɴsᴛᴀɴᴄᴇ, ʀᴇϙᴜɪʀᴇs ᴘʟᴀɴᴛs, ᴛʀᴀɴsᴘᴏʀᴛ, ᴘᴏᴡᴇʀ, sᴋɪʟʟᴇᴅ ᴍᴀɴᴘᴏᴡᴇʀ, ᴇᴛᴄ. ᴀɢʀɪᴄᴜʟᴛᴜʀᴀʟ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ʀᴇϙᴜɪʀᴇs, ᴀᴍᴏɴɢ ᴍᴀᴄʜɪɴᴇʀʏ, ᴛᴏᴏʟs ᴀɴᴅ ɪᴍᴘʟᴇᴍᴇɴᴛs. ʙᴜᴛ ᴀᴛ ᴛʜᴇ sᴀᴍᴇ ᴛɪᴍᴇ, ᴡᴇ ᴄᴀɴɴᴏᴛ ᴛʜɪɴᴋ ᴏғ ᴏғ ᴛʜᴇ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ᴀᴄᴛɪᴠɪᴛɪᴇs ʙᴇɪɴɢ ᴄᴀʀʀɪᴇᴅ ᴏɴ ᴇғғᴇᴄᴛɪᴠᴇʟʏ ᴡɪᴛʜᴏᴜᴛ ᴛʜᴇ ᴀᴠᴀɪʟᴀʙɪʟɪᴛʏ ᴏғ ᴏᴛʜᴇʀ ᴛʜɪɴɢs, ᴀᴅᴇϙᴜᴀᴛᴇ ᴀᴠᴀɪʟᴀʙɪʟɪᴛʏ ᴏғ ᴘᴏᴡᴇʀ, ɪʀʀɪɢᴀᴛɪᴏɴ ᴀɴᴅ ᴛʀᴀɴsᴘᴏʀᴛ, ᴇᴛᴄ. ɪɴᴅᴜsᴛʀɪᴀ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ʀᴇϙᴜɪʀᴇs sᴋɪʟʟᴇᴅ ʟᴀʙᴏᴜʀ ғᴏʀᴄᴇ, ᴘᴏᴡᴇʀ, ᴛʀᴀɴsᴘᴏʀᴛ, ᴇᴛᴄ., ʙᴇsɪᴅᴇs ᴏᴛʜᴇʀ ɪɴᴘᴜᴛs ᴡᴇ ᴀʟsᴏ ʀᴇϙᴜɪʀᴇ ᴀ ᴡᴇʟʟ-ᴛʀᴀɪɴᴇᴅ, ᴇᴅᴜᴄᴀᴛᴇᴅ ᴀɴᴅ ʜᴇᴀʟᴛʜʏ ᴍᴀɴᴘᴏᴡᴇʀ ᴛᴏ ᴏᴘᴇʀᴀᴛᴇ ᴛʜᴇsᴇ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ᴀᴄᴛɪᴠɪᴛɪᴇs ᴇғғɪᴄɪᴇɴᴛʟʏ. ᴀʟʟ ᴛʜᴇsᴇ ғᴀᴄɪʟɪᴛɪᴇs-ᴛʀᴀɴsᴘᴏʀᴛ, ᴘᴏᴡᴇʀ, ɪʀʀɪɢᴀᴛɪᴏɴ ᴇᴅᴜᴄᴀᴛɪᴏɴ, ʜᴇᴀʟᴛʜ sᴇʀᴠɪᴄᴇs, ᴇᴛᴄ., -ɪɴ ᴀɴ ᴇᴄᴏɴᴏᴍʏ ᴀʀᴇ ᴄᴏʟʟᴇᴄᴛɪᴠᴇʟʏ ᴄᴀʟʟᴇᴅ ɪɴғʀᴀsᴛʀᴜᴄᴛᴜʀᴇ

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.

The following are the important constituents of infrastructure:

1. Power and the source of its production such as coal and oil;

2. Roads and road transport;

3. Railways;

4. Communication, especially telecommunication;.

5. Ports and airports; and

6. For agriculture, irrigation constitutes the important infrastructure.

A distinguishing feature of infrastructure is that while the demand-supply gap in case of other factors can be met by importing some of them, the deficiency of infrastructure cannot be made up through imports. Because location-based the need for relevant infrastructure facility can be met through development of its capacity in the domestic economy. For example, you cannot import power facility, roads, ports or railways as they have to be built up in the domestic economy.

Important Features of Infrastructure:

It is worthwhile to mention some distinctive features of infrastructure – First, the building of infrastructure requires large and lumpy investment and they contribute to output, after a long time that is their gestation period is quite long. Second, due to large overhead capital and lumpy investment, the significant economies of scale are found in most of them. Due to the significant economies of scale found in many infrastructure services, they have the characteristics of natural money. The third important feature of infrastructure facilities is they create externalities.