Question

Significance of economic infrastructure in indian economy

Answer 1

The importance of Infrastructure for sustained economic development will recognized. High transaction costs arising from inadequate and inefficient infrastructure can prevent the economy from realizing its full growth potential regard less of the progress on other fronts.
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Answer 2

Significance of economic infrastructure in Indian economy

Explanation:

• The foundation is essential for more durable economic development and alleviation of scarcity in the nation.
• The sufficient foundation in the design of highway and railroad transportation methods, harbors, energy, terminals, and their effective operation is also demanded for the combination of the Indian economy with other markets of the globe.

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