Infrastructure Development in India.pptx

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1. Infrastructure Development in India PROJECT FILE ON By:- Jashanpreet Kaur (Roll No. 51)

2. This Photo by Unknown Author is licensed under CC BY “Expanding investment in infrastructure can play an important role counter cyclical role. Projects and programmes (are) to be reviewed in the area of infrastructure development , including pure public private partnerships, to ensure that their implementation is expedited and does not suffer from (the) fund crunch.” Mr. Manmohan Singh , Indian Prime Minister

3. Meaning of Infrastructure I nfrastructure refers to the facilities, activities and services which support operation and development of other sectors of the economy. These facilities, activities and services help in increasing the overall productivity of the economy. They also play an essential role in facilitating the smooth running of all the sectors of the economy. In addition, infrastructures are such basic requirements like railways, roads, ships, airways, communication, etc. They also include energy, banking, science, technology, health, education and other public utility concerns. Without the existence and presence of economic infrastructures, the growth and fast pace of the economy is impossible. Moreover, infrastructures of an economy are also termed as ‘ social and economic overheads ‘

4. Importance of Infrastructure 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.

5. It also facilitates large-scale production for the purpose of smooth functioning of the economy. They help in the development of the market and all the elements within. They result in the territorial division of labour which is great. They also ensure price stability in the market. Economic infrastructure definitely ensures the mobility of labour and capital within/from the economy. It results in the overall growth of towns and cities. Infrastructures provide for a lot of employment generation and employment opportunities.

6. Types of Infrastructures The main difference between Social and Economic infrastructure is that Social Infrastructure Influences the production and distribution system from the outside while Economic infrastructure influences it from within being a part of the system itself.

7. Economic Infrastructure Economic infrastructure means those basic facilities and services which directly benefit the process of production and distribution of an economy. Irrigation, power, transport and communication are the examples of economic infrastructure.

8. Social Infrastructure Social infrastructure means those basic activities and services which, in addition to achieving certain social objectives, indirectly help various economic activities. For example, education does not directly affect economic activities like production and distribution but indirectly helps in the economic development of the country by producing scientists, technologists and engineers. So education, health service, sanitation and water supply etc. are the examples of social infrastructure.

9. Conclusion India needs to urgently bridge the infrastructure gaps that industry and people faces every day. The slow pace of infrastructure development is quite evident from the list of eleventh plans targets that are unmet. MSMEs that provide employment to 60 million people in the country are the worst-hit by the delay. Lack of adequate power supply and transport infrastructure proves to be a deterrent to the growth of this sector.