What are the need and importance of infrastructure in india
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once goods are produced, they need to be transported to the ports and airports for transportation to other states and countries. This means that excellent roads are needed to transport the goods or otherwise, they would be delayed leading to economic and reputational losses. Indeed, if a manufacturer produces goods quickly but is unable to transport them to the destination as fast as they can, then there is no point in making the goods in an efficient manner in the first place.
Roads, Ports, and Airports
Moreover, good roads are also needed for manufacturers to obtain raw materials and other components. In addition, ports that are well functioning and where ships do not need to wait for longer periods of time or in other words, are not congested are very crucial for economic growth as otherwise, the loading, and unloading of goods from the ships would cause losses to the exporters and importers. Similarly, there is a need to develop airports that are modern and efficient for freer and easier movement of people in and out of the countries. For all these reasons, it is vital that the physical infrastructure needs to be as efficient and as productive as possible.
Other Elements of Infrastructure
There are other elements of infrastructure and they are the power and water situation apart from the development of a city’s infrastructure. Indeed, if there is power outages and blackouts or what are known as “power holidays” or “industry holidays” wherein the manufacturers cease production on certain days, then these timeouts would lead to losses for them. Moreover, if a city is unable to cope with the influx of migrants and absorb the growing numbers of people, then the people working in the plants and factories would be unable to function effectively and work productively.
Need for Massive Investments in Infrastructure as a Route to Faster Economic Growth
No nation develops without investing in infrastructure and indeed, this is the reason why in the aftermath of the Second World War, the Western countries massively invested in infrastructure. It is also the reason why Japan and South Korea and later China undertook a drastic improvement in their infrastructure so as to ensure that it “enables” faster economic growth and development. Indeed, as we would discuss next, it is the enabling aspect which is important since infrastructure is supposed to facilitate and spur economic growth by providing better connectivity and enhancing productivity and efficiency.
Roads, Ports, and Airports
Moreover, good roads are also needed for manufacturers to obtain raw materials and other components. In addition, ports that are well functioning and where ships do not need to wait for longer periods of time or in other words, are not congested are very crucial for economic growth as otherwise, the loading, and unloading of goods from the ships would cause losses to the exporters and importers. Similarly, there is a need to develop airports that are modern and efficient for freer and easier movement of people in and out of the countries. For all these reasons, it is vital that the physical infrastructure needs to be as efficient and as productive as possible.
Other Elements of Infrastructure
There are other elements of infrastructure and they are the power and water situation apart from the development of a city’s infrastructure. Indeed, if there is power outages and blackouts or what are known as “power holidays” or “industry holidays” wherein the manufacturers cease production on certain days, then these timeouts would lead to losses for them. Moreover, if a city is unable to cope with the influx of migrants and absorb the growing numbers of people, then the people working in the plants and factories would be unable to function effectively and work productively.
Need for Massive Investments in Infrastructure as a Route to Faster Economic Growth
No nation develops without investing in infrastructure and indeed, this is the reason why in the aftermath of the Second World War, the Western countries massively invested in infrastructure. It is also the reason why Japan and South Korea and later China undertook a drastic improvement in their infrastructure so as to ensure that it “enables” faster economic growth and development. Indeed, as we would discuss next, it is the enabling aspect which is important since infrastructure is supposed to facilitate and spur economic growth by providing better connectivity and enhancing productivity and efficiency.
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Infrastructure is the network of power, telecom, ports, airports, roads, civil aviation, railways, and transportation in a country. Its importance in the development of a country cannot be over-emphasised. As a matter of fact infrastructure is the lifeline of the economy of a country. All developed countries have adequate infrastructure so that all the activities are executed efficiently, smoothly in time. On the other hand, all poor countries have little infrastructure. The plans of these countries target the building of adequate infrastructure to put their economies on a high growth path.
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