Q3General Studies
Question
5 marks
[CO2] What is the importance of infrastructure in Indian Economy ?
Answer
Infrastructure is the foundation of economic development; it includes transport, energy, communication, and social services that enable productive activities across all sectors.
- Facilitates trade and commerce by reducing transportation costs
- Attracts domestic and foreign investment
- Supports industrial and agricultural productivity
- Creates employment during construction and operation phases
- Improves quality of life through social services
- Reduces regional disparities by connecting underdeveloped areas
- Enables digital connectivity and e-governance through ICT infrastructure