Exercises · Q4
Q.Infrastructure contributes to the economic development of a country. Do you agree? Explain.
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Start your 14-day free trial to unlock the full solution →Yes — infrastructure aids development by raising the productivity of the factors of production and by improving quality of life; the differing progress of Indian states shows the link directly.
Yes, infrastructure clearly contributes to economic development. It does so in two principal ways:
- By increasing the productivity of the factors of production. Power runs industry, transport and communication move goods and information, irrigation raises farm output, and banking and insurance support large-scale activity. Together these make land, labour and capital far more productive.
- By improving the quality of life. Social infrastructure — education, health, safe drinking water and sanitation — makes people healthier, more skilled and more capable, reducing morbidity from water-borne diseases and building the human capital an economy needs. …
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