Infrastructure is the hallmark of economic development as the superstructure of a nation’s overall wealth hinges on it. Components like underlying basic buildings, institutions and facilities or other essential elements that are necessary to sustain and enable economic growth, can be defined as infrastructure. Physical infrastructure has a direct impact on the growth and overall development of the country at large. But the fast growth of the Indian economy in recent years has placed increasing stress on physical infrastructure such as electricity, railways, roads, ports, airports, irrigation, urban and rural water supply and sanitation, all of which already suffer from a substantial deficit. Infrastructure development will help create a better investment climate. The goals of inclusive growth and 9% GDP growth can be achieved only if this infrastructure deficit is overcome.
» Read more: Infrastructure – Key Economic Driver
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